• The 7th Summit of the Gas Exporting Countries Forum (GECF) was held in Algeria.

ABOUT GECF

• The GECF is an intergovernmental organisation that seeks to build a mechanism for a meaningful dialogue between gas producers and consumers in order to improve the stability and security of supply and demand in gas markets around the world.
• Headquarters- Doha (Qatar)
• The full-fledged Members of the GECF are: Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, UAE and Venezuela.
• Angola, Azerbaijan, Iraq, Malaysia, Mauritania, Mozambique, Peru hold the status of Observers.
  • India is neither a member nor an Observer.
• Together, they represent 69% of the world’s gas reserves, 39% of the marketed production, and 40% of global gas exports.