Moscow proposes to turn the GECF into an analogue of OPEC and OPEC+ Gas transportation projects in the Caspian region are among the priorities. Following the results of the current summit in Moscow, the working format of the Gas Exporting Countries Forum (GECF) can be further developed as a vector for a new phase of cooperation between the participating countries," proposed by the Russian side, the aide to the Russian president Yuri Ushkov told reporters. The Forum of Gas Exporting Countries somehow controls up to 70% of the world's proven gas reserves, 38% of its production, 42% of global gas exports and 47% of LNG exports to date. GECF members are Algeria, Bolivia, Venezuela, Egypt, Iran, Qatar, Libya, Nigeria, Russia, Trinidad and Tobago, Equatorial Guinea, United Arab Emirates and 8 other observers: Angola, Azerbaijan, Iraq, Malaysia, Mauritania, Mozambique, Peru, Senegal. Two guest countries were invited to the Moscow summit: Turkmenistan (special guest) and South Africa. Large gas producers such as the USA and Norway remain outside the GECF framework. In a speech at the forum, Russian President Vladimir Putin noted the role of natural gas as a pillar of global energy, industry and the agro-industrial complex. This position will continue to strengthen and the demand will increase. To illustrate this, the head of state cited the GECF estimate given in May 2026 in the annual report (Annual Gas Market Report 2026), according to which in 2025, global natural gas consumption increased by 1.2% and reached 4.2 trillion cubic meters. from. According to previous estimates by the GECF itself, global demand for gas will increase by 32% by the middle of the century, and its share in the global energy balance will increase from 23% to 26%. The main increase in consumption will be provided by China and India (growth to 660 and 230 billion cubic meters, respectively). This year has been challenging for the industry due to the Straits of Hormuz crisis, which affected approximately 20% of the world's liquefied natural gas (LNG) supply. Experts predict a decrease in global gas demand, especially the International Gas Union (IGU) predicts that the demand in 2026 will be.

Moscow proposes to turn the GECF into an analogue of OPEC and OPEC+ Gas transportation projects in the Caspian region are among the priorities. Following the results of the current summit in Moscow, the working format of the Gas Exporting Countries Forum (GECF) can be further developed as a vector for a new phase of cooperation between the participating countries," proposed by the Russian side, the aide to the Russian president Yuri Ushkov told reporters. The Forum of Gas Exporting Countries somehow controls up to 70% of the world's proven gas reserves, 38% of its production, 42% of global gas exports and 47% of LNG exports to date. GECF members are Algeria, Bolivia, Venezuela, Egypt, Iran, Qatar, Libya, Nigeria, Russia, Trinidad and Tobago, Equatorial Guinea, United Arab Emirates and 8 other observers: Angola, Azerbaijan, Iraq, Malaysia, Mauritania, Mozambique, Peru, Senegal. Two guest countries were invited to the Moscow summit: Turkmenistan (special guest) and South Africa. Large gas producers such as the USA and Norway remain outside the GECF framework. In a speech at the forum, Russian President Vladimir Putin noted the role of natural gas as a pillar of global energy, industry and the agro-industrial complex. This position will continue to strengthen and the demand will increase. To illustrate this, the head of state cited the GECF estimate given in May 2026 in the annual report (Annual Gas Market Report 2026), according to which in 2025, global natural gas consumption increased by 1.2% and reached 4.2 trillion cubic meters. from. According to previous estimates by the GECF itself, global demand for gas will increase by 32% by the middle of the century, and its share in the global energy balance will increase from 23% to 26%. The main increase in consumption will be provided by China and India (growth to 660 and 230 billion cubic meters, respectively). This year has been challenging for the industry due to the Straits of Hormuz crisis, which affected approximately 20% of the world's liquefied natural gas (LNG) supply. Experts predict a decrease in global gas demand, especially the International Gas Union (IGU) predicts that the demand in 2026 will be.