22nd GECF Technical Economic Council Meeting
GECF Convenes 22nd Technical and Economic Council Meeting to Drive Strategic Discussions
Doha, Qatar, 8 July 2024 – The Gas Exporting Countries Forum (GECF) held its 22nd Technical and Economic Council (TEC) Meeting on 8 July 2024 in Doha, Qatar, in a hybrid format. Chaired by HE Eng. Mohamed Hamel, Secretary General of the GECF, the meeting brought together TEC representatives from Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Nigeria, Qatar, Russia, Trinidad and Tobago, United Arab Emirates, and Venezuela.
The meeting focused on current gas market developments, with presentations on global gas consumption, production, trade, storage, and energy prices. Discussions also covered electricity prices and new liquefaction projects. Additionally, outcomes from recent workshops on emissions reduction and artificial intelligence in the gas industry were reviewed.
HE Eng. Mohamed Hamel expressed satisfaction with the productive discussions, stating, ‘The 22nd TEC Meeting has reinforced our commitment to advancing the role of natural gas in the global energy landscape and addressing the challenges and opportunities that lie ahead.’
The meeting concluded with an agreement to further develop detailed project proposals for the 2025 Program of Work, emphasizing the GECF's role in promoting natural gas as a sustainable energy source.