Tobago Welcomes Investment Cooperation with Fellow GECF Member States

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Minister of energy and energy affairs of Trinidad and Tobago, said he country is willing to cooperate with other member countries of the Gas Exporting Countries Forum (GECF) in energy projects.

Addressing the 3rd GECF Summit Meeting in Tehran on Monday, Nicole Olivierre said her country is seeking to boost its cooperation with other GECF members. 

The Port of Spain has an exploration contract with Venezuela which will be a win-win opportunity for both of them, she said, Shana reported. 

“As a GECF member, we are completely devoted to the forum’s goals and would try, along other members, to boost the forum’s credit to secure the gas interests of other members,” she added. 

She said her country has always consumed its energy resources in a manner and is an energy exporter. 

GECF is the intergovernmental forum of the world’s leading gas producers that provides a framework for exchange of experience, views, information and data, as well as coordination in gas related developments among member countries.

It consists of 19 main and observer members with its permanent secretariat based in Doha, Qatar. 

Russia, Iran, Qatar, Algeria, Bolivia, Egypt, Equatorial Guinea, Libya, Nigeria, Trinidad and Tobago, Venezuela, and the United Arab Emirates, are main members of the gas exporting body. Observer countries are the Netherlands, Iraq, Oman, Azerbaijan, Peru, Kazakhstan and Norway. 

GECF members account for 42 percent of global gas output, 70 percent of global gas reserves, 40 percent of pipe gas transmission, and 65 percent of global trade of Liquefied Natural Gas (LNG).

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