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22.10.2008, 05:02

Gas exporters agree deal for OPEC-style alliance

Russia, Iran and Qatar have agreed to form a powerful OPEC-style group for exporting gas. The consortium would control over 60% of the global natural gas reserves – and spark fears in the West that it could lead to higher prices.

Russia joins Iran and Qatar in gas troika

Published: 21 October, 2008, 11:39


Iran's Oil Minister Gholam Hossein Nozari (C), Qatar's Minister of Energy and Industry Abdullah bin Hamad al-Attiyah (L) and Alexi Miller (3rd R), CEO of Russian gas company Gazprom (AFP Photo / Atta Kenare)

Russia, Iran and Qatar have agreed to form a so-called gas Troika, for joint exploration and production, according to Russia's Gazprom.

 
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