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Sunday, July 14, 2024

Gas exporters adopt Algiers Declaration

Story by Tapiwa Machemedze in Algeria

The Forum of Gas Exporting Countries (GECF) convened to promote greater use of natural gas, ended here at the weekend with the signing of the Algiers Declaration.

The Algiers Declaration was signed by heads of state and government of the GECF, underlining absolute sovereign rights over their gas resources and rejecting unilateral economic restrictions and political manipulation of gas prices.

The declaration outlined the need for natural gas to achieve United Nations sustainable development goals, cooperation between member states and the guarantee of transparency and non-discrimination in marketing the commodity.

Algerian Minister of Mines and Energy, Mr. Mohamed Akrab said, “The language of dialogue was prevailing and the great co-operation between the Gecf, the gas exporters and observers. It was very fruitful and we tackled the role that gas industry and the long-term role that gas will play in order to accompany all these renewable energies.”

The Forum of Gas Exporting Countries agreed on the need to achieve full control over natural gas reserves to promote sustainable development while also cooperating on research, innovation and knowledge sharing.

“The meeting that took place this morning, took place in a positive and constructive atmosphere that reflects the unity and solidarity of the member countries of our organisations,” said GECF Secretary General, Engineer Mohamed Hamel.

The conference was attended by leaders and representatives of 13 nations among them African states comprising Algeria, Mozambique, Nigeria, Egypt, Mauritania, Libya and Senegal.

The summit coincided with international tensions following the blockade in the Red Sea and provoked militia attacks against transiting commercial ships in protest against Israeli military operations in Gaza.

The attacks have prompted Qatar to suspend natural gas supplies through the Red Sea, which could see depressed supply of the commodity to the European market.

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