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EU raps proposal for gas Opec

EU raps proposal for gas Opec
The European Commission voiced strong opposition yesterday to the idea of an Opec-style group of gas producers after world gas powers Russia, Iran and Qatar moved to strengthen co-operation.

The Commission is against cartels for the sale and marketing of products

The European Commission voiced strong opposition yesterday to the idea of an Opec-style group of gas producers after world gas powers Russia, Iran and Qatar moved to strengthen co-operation.

The European Union executive said no such group had been announced and it would expect to be notified of any move to create such an arrangement, which could prompt the EU to revise its energy policy.

"In principle, the Commission is against cartels for the sale and marketing of products, and hydrocarbons are no exception to that. We believe the best conditions for the sale of a product such as gas are a free and transparent market," Commission energy spokesman Ferran Tarradellas said.

Russia's gas export monopoly Gazprom said on Tuesday it had agreed with Iran and Qatar to form a "big gas troika", which should become a permanent body holding regular meetings. Iranian Oil Minister Gholamhossein Nozari said there was a consensus to establish "a gas Opec".

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