Member Corner
H.E. Eng. Mohamed Hamel, Secretary General of the Gas Exporting Countries Forum (GECF), participated in the Plenary Session titled “International Energy Markets: Transformation of Relations and Balance of Interests” during the International Forum “Russian Energy Week 2025.” #REW2025
The high-level session, moderated by Mr. Sergey Brilev, President of the Global Energy Association, brought together prominent leaders including H.E. Alexander Novak, Deputy Prime Minister of the Russian Federation; H.R.H. Prince Abdulaziz bin Salman Al Saud, Minister of Energy of the Kingdom of Saudi Arabia; H.E. Péter Szijjártó, Minister of Foreign Affairs and Trade of Hungary; H.E. Alparslan Bayraktar, Minister of Energy and Natural Resources of Turkey; H.E. Haitham Al Ghais, Secretary General of OPEC.
In his remarks, H.E. Hamel provided an analytical overview of recent global gas market developments, recalling that prices have experienced extreme volatility over the past five years due to underinvestment, policies, shifting regulations and trade flows. He noted that global gas consumption reached record levels in 2024 and continues to rise, particularly in developing economies, reaffirming that “the golden age of gas is not behind us — it is still ahead.”
H.E. expressed deep concern with regard the extraterritorial reach of EU regulations, such as the Methane Regulation, the Carbon Border Adjustment Mechanism, and the Corporate Sustainability Due Diligence Directive, underlining their inconsistency with the Paris Agreement provisions and WTO rules.