Russia, Iran and Qatar Plan to Form Global Natural Gas CartelProspects and Challenges

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Russia, Iran and Qatar Plan to Form Global Natural Gas CartelProspects and Challenges Powered By Docstoc
					
				
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Description: Russia, Iran and Qatar Plan to Form Global Natural Gas CartelProspects and Challenges Summary On the lines of OPEC, a global organization of oil producing countries, Russia, Iran and Qatar, which possess 55% of global, proved natural gas reserves, have announced their plan to form an organization of major gas producing countries worldwide. In Tehran, representatives of the Russian natural-gas monopoly Gazprom met with counterparts from Iran and Qatar on October 21, 2008 and agreed to create "a big gas troika." The plan may be finalized on November 18, 2008 when Russia hosts a forum of gas-exporting countries in Moscow. This forum may witness addition of new members like Algeria, Indonesia, Libya, and Venezuela. Once formed, the member countries will meet once in every quarter to discuss pricing and supplies of natural gas. Scope • GlobalData viewpoints cover the latest events or important trends in the global oil and gas industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and GlobalData’s views of various developments that have been taking place in the oil and gas industry across the world. Reasons to Buy • Develop business strategies with the help of specific insights from GlobalData on the key events happening in the oil and gas industry. • Gain a strong understanding of the energy market and analyze the major trends in the global oil and gas industry today • Identify opportunities and challenges with the help of our analysis of the latest news and deals in the oil and gas industry • Increase future revenue and profitability with the help of information on latest operational, financial, and regulatory events
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GlobalData is an industry analysis specialist, providing business information products and services. GlobalData’s highly qualified team of analysts, researchers, and solution consultants use proprietary data sources, tools and techniques to gather, analyze and represent the latest and the most reliable information essential for a business to sustain a competitive edge. GlobalData is a UK-based company with presence across North America, Europe and Asia Pacific and has a broad product offering that ranges from interactive databases, reports and custom solutions. It is a comprehensive source of insights and analysis with coverage across the oil & gas, power, alternative energy, nuclear power, petrochemicals, medical equipment and healthcare industries. GlobalData has a broad range of coverage over key market segments. It has a global scope, covering a wide range of countries constituting more than 90% of global revenues in each of the industries it covers. With a large dedicated research and analysis capability, GlobalData employs rigorous primary and secondary research techniques in developing unique data sets and research materials. Its status as an independent research company allows Analysts to conduct trade interviews with key industry players. Access to unique databases of in-house market information further strengthens research and analysis capabilities. Materials are reviewed shaped by an expert panel of leading industry figures and representatives from key players in the relevant industries. Sectors and Geographies Covered GlobalData has a broad range of coverage over key market segments. It has a global scope, covering a wide range of countries constituting more than 90% of global revenues in each of the industries it covers. Research Methodology With a large dedicated research and analysis capability, GlobalData employs rigorous primary and secondary research techniques in developing unique data sets and research materials. Its status as an independent research company allows Analysts to conduct trade interviews with key industry players. Access to unique databases of in-house market information further strengthens research and analysis capabilities. Materials are reviewed shaped by an expert panel of leading industry figures and representatives from key players in the relevant industries.