MARKETS:Russia leads 16 natural gas producing countries to form cartel

摘要

Russia has presided over a historic meeting of 16 natural gas exporting countries in Moscow to form the Gas Exporting Countries Forum.The new cartel will include the world's leading five natural gas producers,Russia,Iran,Qatar,Venezuela and Algeria,which control two thirds of the world's reserves and 42% of total production.Russia,Iran and Venezuela are firmly in the anti-West camp.