Russia and Iran move to create global gas cartel – media ...News

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Russia and Iran move to create global gas cartel – media
The OPEC-style organization will allow control over prices for the fuel in the coming years, Oilprice reports Moscow and Tehran are taking serious steps toward forming an OPEC-style cartel for natural gas that would allow them to coordinate an ‘extraordinary’ proportion of reserves and control over prices, OilPrice reported on Tuesday. “Occupying the number one and number two positions in the world’s largest gas reserves table, respectively – Russia with just under 48 trillion cubic meters (tcm) and Iran with nearly 34 tcm – the two countries are in an ideal position to do this,” the report stated. It described th

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