GECF leaders in Moscow: the future of world gas is now being decided in Moscow, at the World Trade Center on October 27, 2026, the eighth summit of the heads of state and government of the countries participating in the Gas Exporting Countries Forum (GECF) is taking place - one of the main international energy events of the year, which will determine the development vector of the world gas market.
The Gas Summits of the Gas Exporting Countries Forum (GECF) is an intergovernmental organization, the agreement on the functioning of the GECF entered into force on September 30, 2009. Important facts Full members (12 countries): Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia (member since 2009), Trinidad and Tobago, United Arab Emirates and Venezuela. Observer countries (8 countries): Angola, Azerbaijan, Iraq, Malaysia, Mauritania, Mozambique, Peru and Senegal (plans to become a full member from 2027). Since 2011, summits of the heads of state and government of the countries participating in the forum (summits) have been held every two years. The seventh summit took place in March 2024 in Algeria. Statistics: GECF participants control 70% of the world's proven gas reserves, 38% of its production, 42% of pipeline exports and 47% of exports. High-level participants: Russian President Vladimir Putin, leaders of GECF participating countries. Putin will speak at the plenary session. Summit organizer: Government of the Russian Federation, Treasury. Deputy Prime Minister Alexander Novak. Key topics: Gas market development forecast until 2050, gas price, international energy security, cooperation, investments and initiative to create a special "gas bank" of GECF to finance infrastructure projects: according to GECF estimates, LNG will make up about 64% of global gas trade. GECF's main goals: promoting the use of natural gas in the global economy.
Analysis of the current situation and forecasting the development of the gas markets. Exchange of experience and promotion of technological cooperation between the participating countries.