16th GECF Technical and Economic Council meeting
The Gas Exporting Countries Forum (GECF) on Wednesday hosted its 16th Technical and Economic Council (TEC) meeting.
Marking a return to a semblance of normalcy, the meeting was the first time in more than two years to be held for both in-person and remote participation. It was attended by representatives of Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Mozambique, Nigeria, Russia, Qatar, Trinidad and Tobago, and Venezuela with the GECF Secretariat team led by its Secretary General HE Eng. Mohamed Hamel.
In his welcoming remarks, HE Hamel acknowledged that the meeting is taking place at a special juncture in gas markets’ evolution, with the global economy facing strong headwinds and global inflation at a 40-year record level, on top of scarcity of energy and food.
“The GECF TEC is the ideal platform to examine these seismic changes and propose the way forward for the benefit of the GECF Members and advancement of the global gas industry.”
The TEC members discussed several presentations made by the Secretariat, including on GECF’s key publications on short- and long-term gas market developments as well as on data and statistics.
The TEC further shared its ideas on reports on country-level policies and regulations, energy technologies, LNG trade, and the global environmental agenda.
Launched in 2015, the Technical and Economic Council is a permanent specialised body of the GECF and works to provide active and effective interaction and discussion on technical and economic matters, to share the views of Member Countries on these activities, and review relevant research work undertaken by the Secretariat.
The next meeting of the TEC will be held ahead of the 43rd Executive Board Meeting, scheduled to be held at the end of September.