GECF Doha Declaration Promotes Natural Gas as Reliable Source to Satisfy Growing World Energy Needs

GECF Doha Declaration Promotes Natural Gas as Reliable Source to Satisfy Growing World Energy Needs

The Egyptian Ministry of Petroleum and Mineral Resources published the final statement issued by the Sixth Summit of Heads of State and Government of the Member States of the Gas Exporting Countries Forum (GECF) as of February 22, 2022, held in Doha, Qatar.

The final statement was inspired by the Declarations of the GECF previous Summits and guided by the GECF Statute. It collectively resolves to:

Promote natural gas as an abundant, affordable, clean, and reliable source of energy, and as the fuel of choice to satisfy the growing world energy needs, and to address climate change and improve air quality;

Encourage the expanded use of natural gas domestically and internationally to address the gap in achieving Sustainable Development Goal 7, which affects the most vulnerable;

Strengthen natural gas’ environmental credentials, in particular through efforts to reduce gas flaring and methane emissions, and the development of eco-friendly technologies, including carbon capture, utilization, and storage;

Pursue the necessary steps for natural gas to be treated as an environmentally friendly good in climate and investment regulations, international banking and global trade. Furthermore, to work with relevant stakeholders to co-develop joint initiatives for climate action, especially in view of COP27 Climate Change Conference, which will be hosted by Egypt this year;

Improve conditions for the international trade of gas, based on the most effective and efficient practices;

Work towards increasing the share of natural gas in maritime and land transport, and to develop necessary infrastructure to provide natural gas to consumers;

Support the fundamental role of long-term gas contracts as well as the gas pricing based on oil/oil products indexation to ensure stable investments in development of natural gas resources;

Augment the positioning of the GECF by increasing its global visibility, attracting new members, promoting partnerships, facilitating dialogue between producers and consumers, and broadening cooperation with relevant international organizations and entities;

Harness the position of the GECF as the leading platform for its Member Countries to cooperate and coordinate on natural gas matters by further developing the Forum’s expertise, and mechanisms for joint undertakings;

Expand cooperation in natural gas technologies, scientifically-guided research, and innovation-led capacity-building, inter alia, through the GECF Gas Research Institute;

Explore new areas of cooperation within the GECF with a goal to leverage the advantages of natural gas for hydrogen production as well as production and utilization of new gases;

Collaborate within the GECF as well as with consumers and transit countries to protect critical gas infrastructure and to enhance resilience to natural disasters, technological incidents, and man-made threats, such as malicious use of information and communication technologies.

The heads of state and government welcomed the proposal of the Democratic Republic of Algeria to host the seventh summit of the Gas Exporting Countries Forum in 2023.

The Heads of State and Government of the Gas Exporting Countries Forum expressed their appreciation to His Excellency Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, for his distinguished leadership of the Sixth Summit of the Gas Exporting Countries Forum, and thanked them to the government and people of the State of Qatar for their hospitality.

Sarah Samir 2786 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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