Investopedia

Continue to Site »

Gas Exporting Countries Forum (GECF)

Filed Under » , ,
Dictionary Says

Definition of 'Gas Exporting Countries Forum (GECF)'

An organization of the world's leading gas producers that was established in 2001 to represent and promote their mutual interest. GECF members collectively hold more than 70% of the world's natural gas reserves. As of 2010, the GECF has 11 regular members - Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad & Tobago and Venezuela. It also has three members with observer status - Kazakhstan, Netherlands and Norway.
Investopedia Says

Investopedia explains 'Gas Exporting Countries Forum (GECF)'

Given that a number of GECF members also belong to OPEC, there has long been speculation about the organization becoming a "Gas OPEC." However, some observers believe that the fundamental differences in the two organizations, as well as the fact that crude oil and natural gas are very different commodities, may hinder the formation of GECF into a gas cartel along the lines of OPEC.

Articles Of Interest

  1.

    A Guide To Investing In Oil Markets

    Find out how to take advantage of this market without having to open a futures account.

  2. Will LNG Spell Doom For Natural Gas?

    The market is concerned about the amount of liquified natural gas (LNG) being imported into the U.S. this year.

  3. Natural Gas Rising From The Ashes

    The natural gas market is showing signs of a bottom. Is now the right time to buy in?

  4. Meet OPEC, Manager Of Oil Wealth

    This organization's decisions can influence oil prices, but there is a limit to its power.

  5. Why The Consumer Price Index Is Controversial

    Find out why economists are torn about how to calculate inflation.

  6. Predict Inflation With The Producer Price Index

    Find out how the PPI can be used to gauge the overall health of the economy.

  7. Leading Economic Indicators Predict Market Trends

    Leading indicators help investors to predict and react to where the market is headed.

  8. Halliburton Has Gotten Interesting Again

    If oilfield activity has bottomed, Halliburton would be a good pick here.

  9. Schlumberger Looks Good At Today's Prices

    Schlumberger remains the best of breed in the oil services sector, and the price is getting attractive.

  10. Austerity: When The Government Tightens Its Belt

    When a government tightens its belt in tough economic times the entire nation feels the squeeze.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  2. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  3. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.

  4. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.

  5. Angelina Jolie Stock Index

    An index made up of a selection of stocks from companies associated with actress Angela Jolie.

  6. Consequential Loss

    The amount of loss incurred as a result of being unable to use business property or equipment.
Trading Center