GECF agenda

摘要

The Gas Exporting Countries Forum needs to overcome its internal conflicts of interest if it is to become an effective and credible organization. The insistence on oil parity is outmoded. The Forum should work on changing the nature of competition in Europear markets from that of gas-to-gas to gas versus its alternatives, in the process forging a consensus on the long-run marginal cost of gas as a benchmark for both prices and investment. Although the Gas Exporting Countries Forum has not been welcomed by gas consuming countries, which view it essentially as an emergent gas OPEC, it could play an important and constructive role in today's gas markets. However, first the GECF needs to address its own internal conflicts of interest.