Last week’s meeting of the ‘Gas Opec’ saw producing countries promoting gas as a cleaner alternative to coal and oil in the energy transition. Key exporter Qatar realizes that action and not just rhetoric will be needed to secure this role.
Opec isn’t the only game in town, and last week saw the 2019 meeting of the Gas Exporting Countries Forum (GECF) in Malabo, Equatorial Guinea. While members – including the world’s top two exporters Russia and Qatar as well as the likes of Algeria and Iran, but not fast-growing LNG suppliers Australia and the US – are generally upbeat about the growing role of gas in the global economy, there is a genuine worry that the fuel could yet lose out to renewables. (CONTINUED - 1261 WORDS)