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ITAR-TASS: Gas exporting countries adopt no decision on price policy

The member-states of the Gas Exporting Countries Forum (GECF) failed to adopt any joint decisions on Tuesday after discussing the gas price situation, Russian Energy Minister Alexander Novak has said.

“Of course, we discussed the current situation over prices, but only in the way of monitoring. No decisions on any actions were discussed. We have no such targets and goals,” Novak told TASS.

The participants discussed a study which analyzed the situation on the gas markets, taking into consideration that the gas prices depend on oil prices on many long-term contracts.