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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) 21.10.2008, 11:39

Russia joins Iran and Qatar in gas troika

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

24.10.2008, 14:21

OPEC cuts oil production in attempt to halt price slump

The Organisation of Petroleum Exporting Countries (OPEC) has decided to cut production by 1.5 million barrels a day at a meeting in Vienna. The cut is intended to halt the collapse in crude prices, which has left them more than 50 per cent lower than thei

11.11.2008, 14:09

`Gas Opec` is no threat – Putin

Prime Minister Vladimir Putin has sought to ease fears over a so-called ‘gas Opec’, saying the proposed union of natural gas producers poses no threat to consumers.

Gas exporters agree deal for OPEC-style alliance

Published: 22 October, 2008, 05:02


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.

 
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