The most recent denial of the existence of plans for a "gas OPEC" came during Russian Minister of Industry and Energy Viktor Khristenko's visit to Algiers in January, when Algeria and Russia issued a joint statement saying that they see no point in organizing a gas pricing cartel. However, the idea has received an unexpected boost from Iranian leader Ayatollah Ali Khameni, who called on Russia to create a "gas OPEC" at a recent meeting with Russian Security Council secretary Igor Ivanov.
From economic point view, Russia and Iran are not sharing same markets and, unlikely, would cooperate in “price coordination”. Ayatollah Ali Khameni is trying to create a rather political alliance. Russian Presiden Putin is a pragmatic and very unlikely he will go forward for “Gas OPEC” in a Middle East and North Africa.
See the table:
From economic point view, Russia and Iran are not sharing same markets and, unlikely, would cooperate in “price coordination”. Ayatollah Ali Khameni is trying to create a rather political alliance. Russian Presiden Putin is a pragmatic and very unlikely he will go forward for “Gas OPEC” in a Middle East and North Africa.
See the table:
2 comments:
Makes sense, would destroy any goodwill their trying to build.
Just read Ivanov was in India signing energy deals, big impact on the nuclear sector in your opinion and what companies?
Post a Comment