Russia's Putin Calls Worries About Gas Cartel "Baseless"
"We know that some energy-consuming countries are concerned and even have fears (about such a cartel), but these fears are baseless," Putin said after talks with his Egyptian counterpart Ahmed Nazif in Moscow, Interfax news agency reported.
"We will not create any cartel, nor sign an agreement on a cartel: none of us will give up part of his sovereignty when decisions are made," he added.
But Putin admitted that energy-producing countries "must coordinate their actions, exchange information and do everything to guarantee uninterrupted oil and gas deliveries to world markets".
Contacts among gas exporters are currently made through an informal Forum of Gas-Exporting Countries, which groups Algeria, Iran, Qatar, Russia, Venezuela and some other nations.
Gas importers fear that an OPEC-style gas cartel could lead to price-fixing.
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(END) Dow Jones Newswires
November 11, 2008 17:06 ET (22:06 GMT)
Publié le 11 novembre 2008 Copyright © 2008 Dowjones
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