Secretary General of the GECF

“The Role of the Gas Exporting Countries Forum

in Global Energy Security”

RPGC 2010Moscow, June 22, 2010

Gas Exporting Countries Forum

11 members of the Forum: Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad & Tobago and Venezuela.

3 observers: Kazakhstan, Netherlands and Norway

Headquarters located in Doha, State of Qatar 2

MissionTo exploit and manage natural gas reserves for the benefit of their nations; To promote integration of the gas market and its stability; To protect the sovereign rights of Member-Countries over their natural gas reserves Independently plan and provide for sustainable and effective ecologically friendly development.

3

Fall in Gas Demand

- 6%

- 2%

- 9%

-10%-9%-8%-7%-6%-5%-4%-3%-2%-1%0%

Gas demand in 2009 vs 2008 for major consumers

Europe North America Japan and KoreaSource: Wood Mackenzie, IEA

4

Current Market Challenges

Slow recovery of the gas market Lower investments in gas production due to uncertainties OversupplyCompetition from unconventional sources Lower spot prices in USA and Europe decoupled from oil prices

5

GAS IN ENERGY BALANCE

34,1%

20,9%26,5%

5,9%12,6%

World energy use by fuel, 2009

Oil

Natural gas

Coal

Nuclear

Renewable Source: IEA

6

Natural Gas Competitive Edge

Natural Gas* Nuclear Renewabl

e energy Fuel oil Coal

Price factor + + -

subsidised + -subsidised

Ecology factor +

+waste

management problem

+ -high CO2

-high-ash,

CO2

* Conventional and shale gas7

Common aspirations

Prices

Supplies

Prices

Sales Market

s

Gas Markets Stability

8

Coordination for Transparent Data Flow

Gas Data

Gas market analysis and prognosis

Reliable information

Database

Gas market modelling

Gas market coordination

9

Data Exchange

Launch reliable database on gasProvide data on monthly basis

Establish close cooperation with international energy organizations to work jointly on gas data reporting mechanisms

10

Research Activity

Launch of in-house research centreGas market model installationPublishing of market research and outlooks

11

Thank You For Your Attention