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Algiers Declaration, bilateral agreements "seal" GECF success

(APS..22/03/2024) (APS..21/03/2024) (APS..04/03/2024) (APS..04/03/2024) (APS..04/03/2024) (APS..03/03/2024)

 

ALGIERS-The Algiers Declaration adopted at the end of the 7th Summit of the Heads of State and Government of the member countries of the Gas Exporting Countries Forum (GECF), held in Algiers, was widely reported in the international media on Sunday, covering the main points of the final document and the bilateral and multilateral agreements signed on the sidelines of the Summit, proving the "resounding success" of the event.

“The Algiers Declaration Affirms GECF Member Countries' Commitment to Create Balanced, Reliable Natural Gas Markets,” headlines the Qatari news agency QNA.

“Read out by HE Minister of Energy and Mines of the People's Democratic Republic of Algeria Mohamed Arkab, the Declaration carried the GECF's concerns over the recurring volatility in natural gas demand that adversely affects global economic performance, and its determination to work with all parties to achieve balanced and reliable natural gas markets,” wrote QNA.

In a dispatch entitled: “The Algiers Summit Emphasized Sovereign Rights and Importance of Dialogue to Achieve Energy Security,” the Chinese news agency Xinhua said that the Algiers Declaration “affirms the sovereign rights of member States over their gas resources and the importance of dialogue between producing and consuming countries to achieve energy security.”   

The Tunisian news agency TAP said in a dispatch entitled “Algiers Declaration Ensures Stability of Global Gas Market” that “the document, which sets out the thrusts of the natural gas extraction, exploitation and distribution strategy, aims to ensure “regular supply and stability of the global market in the light of the geostrategic changes and liquidity difficulties.”

Bolivia's Opinion headlined "Arce Interested in Natural Gas and Asks for Help with Research into Hydrogen Production", highlighting Bolivian President Luis Arce's statement that: "We must insist on expanding cooperation in technology and research to take advantage of natural gas in the production of hydrogen, new gases and other by-products.”

Pensa Latina, another Bolivian media outlet, reported that two governmental cooperation agreements in the energy field were signed by Bolivia and Algeria, the " high point", it said, of South American President Luis Arce's working visit to Algeria.

The Bolivian newspaper also reported that the two states agreed to form joint commissions to scale up bilateral relations and find sources of business that satisfy both parties.

The Azerbaijani newspaper "Azerbaican 24" headlined one of its articles, in which the points of the Algiers Declaration were taken up, "Algerian President: Gas Plays Crucial Role in Ensuring Sustainable Development,” and reported in another headline: "Minister Shahbazof Meets his Algerian Counterpart". In the latter article, Azerbaijan's Energy Minister said he was "satisfied with the constructive approach to the development of cooperation within the framework of the GEFC, OPEC+, as well as in a bilateral format.”

He announced that "in accordance with the Memorandum of Understanding on Oil and Gas Cooperation sealed between Azerbaijan and Algeria in 2022, the two countries agreed to accelerate the process of establishing a joint working committee.”

Venezuela's Versionfinal headlined: " Venezuela and Algeria Sign Memorandum of Understanding". In this article, this media said that Oil Minister Rafael Tellechea had called on Forum countries to "strengthen the political will of members (...) to become an international organization with greater influence on the balance and valuation of gas in the energy market.”

Trinidad and Tobago News Day headlined: "Energy Minister Seeks Global Gas Deals at Algeria Summit".

Its Energy Minister, Stuart Young, stated "Natural gas will play a key role in shaping our future scenarios and trajectories. With its affordability, reliability and low emissions, natural gas will play a formidable role in accelerating the development of regional and global energy systems that will benefit our citizens and our planet, now and in the future.”

 

 

 
(APS..03/03/2024)

 

 

 


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