Algeria to host next GEFC summit in Nov 2023

October 27, 2022

ALGIERS- The seventh summit of the Gas Exporting Countries Forum (GECF) will take place in Algeria in November 2023, a statement, released in the wake of the 24th GECF Ministerial Meeting in Cairo, said.

The next ministerial meeting will take place in Malabo in Equatorial Guinea in October 2023.

Equatorial Guinean Mines and Hydrocarbons Minister Gabriel Mbaga Obiang Lima became chairman of the 2023 ministerial meeting, while Qatari Energy Minister Saad al-Kaabi became his deputy.

Russia’s Dmitry Semyonov will chair the GECF Executive Board in 2023.

The Minister of Energy and Mines, Mohamed Arkab, took part, Tuesday, in the work of the 24th ministerial meeting of the Gas Exporting Countries Forum (GECF), held in Cairo (Egypt). In this vein, Mr. Arkab, called, during his participation, to give special emphasis to natural gas in the sustainable development and energy transition, said a ministerial statement.

Mr. Arkab, who participated in this meeting accompanied by representatives of his ministerial department and Sonatrach, “underscored the importance of this meeting to formulate and propose the best solutions for the long-term energy security.

He presented an overview on the ongoing preparations for the 7th Summit of Heads of State and Government of the GECF, which will be held in Algiers in 2023.

Energy ministers and high-ranking officials from Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Qatar, Russia, Trinidad and Tobago and Venezuela, and observers from Angola, Azerbaijan, Iraq, Malaysia, Mozambique, and the United Arab Emirates attended the Cairo meeting. The Papua New Guinea energy minister and a representative from Mauritania attended the meeting as guests.

Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired the meeting in his capacity as Chair of the 2022 GECF Ministerial Meeting.

The Egyptian minister said in his opening remarks that this meeting “is being held at a critical moment when global efforts are being made for the realization of the energy trilemma of security, sustainability and accessibility.

He underlined that “natural gas as a clean source of energy is considered to be the right and balanced solution and will continue to play a key role in the future energy mix”.

The 24th GECF Ministerial Meeting is an opportunity to exchange views and explore ways and means to strengthen the Forum and expand its membership.

Created in 2001, the GECF was transformed in December 2008, during the 8th informal session of the Forum, held in Moscow, into an international governmental organization with headquarters in Doha (Qatar).

The forum is currently made up of 19 countries, namely; Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago and Venezuela as members, and Angola, Azerbaijan, Iraq, Malaysia, Mozambique, Norway, Peru and the United Arab Emirates as observers.

Together, they represent 72% of the world’s proven natural gas reserves, 43% of marketed production, 55% of pipeline exports and 50% of LNG exports.

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