Gas Exporting Countries Forum (GECF)

#GECF Monthly Gas Market Report #MGMR #July 📊 The #GECF has announced the release of the July 2024 edition of the Monthly Gas Market Report (#MGMR). The report provides the latest insights on the global #naturalgas #trends. You can explore the full report at: https://lnkd.in/dhPXE4Jt, and watch a video summary on YouTube at https://lnkd.in/dvbtfPZh, Additionally, you can see the video summary below:👇

The #GECF congratulates the leadership and people of the Republic of Peru on the occasion of their Independence Day and extends the warmest wishes for continued #peace, #prosperity, and #happiness. #Peru #IndependenceDay

The #GECF congratulates the leadership and people of the Arab Republic of Egypt on the occasion of their Revolution Day and extends the warmest wishes for continued #peace, #prosperity, and #happiness. #Egypt #RevolutionDay

#Doha, #Qatar, 10 July 2024 – The Gas Exporting Countries Forum (GECF) convened its 48th Executive Board Meeting today, bringing together representatives from 20 member countries to discuss key strategic initiatives and review the progress of ongoing projects. The meeting, held at the #GECF headquarters in Doha, was chaired by Sheikh Dr. Mishal bin Jabor Al-Thani, Chairperson of the Executive Board for the year 2024, and attended by high-level officials and representatives from member countries. The agenda focused on several critical topics, including the advancement of the GECF's long-term strategy, assessment of the global gas market outlook, and updates on various research and development projects. HE Secretary General Eng. Mohamed Hamel expressed his satisfaction with the outcomes of the meeting, stating, "The 48th Executive Board Meeting has been highly productive, with robust discussions and important decisions made that will shape the future of our organization.” The meeting also included in-depth discussions on the global gas market dynamics, the role of natural gas in the energy transition, and the GECF's continued efforts to promote cooperation and dialogue among member countries as major natural gas producers and natural gas consuming countries and international peer organizations. The Executive Board reaffirmed its dedication to fostering the development and utilization of natural gas as a clean and sustainable energy source, aligned with the GECF's mission to support energy security and environmental sustainability. The next Executive Board Meeting is scheduled to be held on 16-17 September 2024, where further updates and progress on the discussed initiatives will be reviewed.

#Doha, #Qatar, 8 July 2024 – The Gas Exporting Countries Forum (GECF) held its 22nd Technical and Economic Council (TEC) Meeting on 8 July 2024 in Doha, Qatar, in a hybrid format. Chaired by HE Eng. Mohamed Hamel, Secretary General of the GECF, the meeting brought together #TEC representatives from Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Nigeria, Qatar, Russia, Trinidad and Tobago, United Arab Emirates, and Venezuela. The meeting focused on current gas market developments, with presentations on global gas consumption, production, trade, storage, and energy prices. Discussions also covered electricity prices and new liquefaction projects. Additionally, outcomes from recent workshops on emissions reduction and artificial intelligence in the gas industry were reviewed. HE Eng. Mohamed Hamel expressed satisfaction with the productive discussions, stating, ‘The 22nd TEC Meeting has reinforced our commitment to advancing the role of natural gas in the global energy landscape and addressing the challenges and opportunities that lie ahead.’ The meeting concluded with an agreement to further develop detailed project proposals for the 2025 Program of Work, emphasizing the #GECF's role in promoting #natural #gas as a sustainable energy source.

The #GECF congratulates the leadership and people of the People's Democratic Republic of Algeria 🇩🇿 on the occasion of their Independence Day and extends the warmest wishes for continued #peace, #prosperity, and #happiness. #Algeria #IndependenceDay

South Asia's burgeoning population and rapidly growing economy have placed its energy sector on a robust growth trajectory. Total primary energy demand in South #Asia is expected to grow by 77%, reaching 2,235 Mtoe by 2050, with India contributing 80% to this growth acting as a powerhouse for the region. #Natural #gas, the cleanest burning hydrocarbon, is projected to raise its share in South Asia’s #energy mix to 13% by 2050 from 9% in 2022. South Asia is turning to #LNG to reduce coal dependency and boost renewable energy. Bangladesh and Pakistan will see domestic gas production fall, increasing LNG imports to 42 Mt and 31 Mt by 2050, respectively. India's LNG imports are expected to grow nearly fivefold to 105 Mt by 2050 from 22 Mt in 2023, despite a rise in domestic production. Affordability, along with energy sustainability and security, remains a key concern in the region. The full #GECF Expert Commentary "Exploring the future of natural gas and LNG demand in South Asia" can be downloaded via the following link: https://lnkd.in/dNqYKC57

The #GECF congratulates the leadership and people of the Bolivarian Republic of Venezuela on the occasion of their Independence Day and extends the warmest wishes for continued #peace, #prosperity, and #happiness. #Venezuela #IndependenceDay

HE Eng. Mohamed Hamel, Secretary General of the GECF, delivered a keynote speech via videoconference at the 23rd Nigeria Oil & Gas Week on 2nd July. HE extended heartfelt congratulations to Nigeria for declaring this decade the "Decade of Gas," aiming to become a gas-powered economy by 2030. #NaturalGas #GECF #NOG23 #DecadeOfGas

16th meeting of the Gas Research Institute (GRI) Scientific Committee (GRI SC) The 16th meeting of the Gas Research Institute (GRI) Scientific Committee was held on 2 July 2024 via videoconference. The meeting gathered representatives of Member Countries Algeria, Egypt, Equatorial Guinea, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago and Venezuela. The meeting was chaired by Ms Lamiaa Abo Shahba, Committee Member from Egypt. In his welcoming remarks, HE Eng. Mohamed Hamel, Secretary General of the GECF, underlined the crucial importance of expanding scientific and technological cooperation among the Member Countries, referring to the Algiers Declaration adopted at the 7th GECF Summit, in which the Heads of State and Government of the Member Countries expressed “their determination to promote innovative technologies for natural gas and connected industries, through the Gas Research Institute”. Furthermore, he updated the GRI SC members on the progress achieved in the operationalization of the GRI. Moreover, he conveyed his gratitude to Ms. Lamiaa Abo Shabha for her capable leadership during her tenure as Chairperson of the GRI SC over the last two and half years. During the meeting, Mr. Timmy Baksh, Committee Member from Trinidad and Tobago, was unanimously elected as Chairperson of the GRI SC for the period of July 2024 to December 2025. Simultaneously, Ms. Yanine Gonzalez, Committee Member from Venezuela, was elected as Alternate Chairperson for the same period. The GRI SC members discussed the implementation of the Program of Work for 2024 for GRI, with a focus on the launch of the three selected GRI projects, which encompasses the organization of workshops and trainings, preparation of studies and other deliverables. Moreover, the GRI SC members considered the proposed Program of Work 2025 for GRI. The meeting concluded with the GECF Secretariat expressing its appreciation to all Member Countries for their support to the GRI and their commitment to expand scientific and technological cooperation. #GECF #NaturalGas #GasResearchInstitute #GRI