(Natural Gas) Cartel in the Cards

[jpak]

http://www.kommersant.com/p750962/gas_OPEC,_Russia,_Algeria,_Doha/

Kommersant has learned that last week some of the world's leading natural gas exporters reached a final agreement on the creation of a so-called "gas OPEC." The consortium of gas-rich countries, which at the moment includes Russia, Iran, Qatar, Venezuela, and Algeria, is due to be formally organized in the Qatari capital of Doha on April 9. The appearance of such a powerful player in the energy arena will undoubtedly meet with an extremely negative reaction from the United States and the European Union.

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