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    p>EUROPE INCREASINGLY UNDER THREAT?

    At present, a majority of Europe’s gas imports comes via pipelines from Russia, Norway and Algeria , with some via liquid natural gas tankers from Qatar and Nigeria . The current nature and structure of the global gas ma

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    At a time when gas exporting countries are considering the formation of an OPEC type gas producer’s cartel, EU President Barrosso has argued the case for a united European energy strategy in order to improve and maintain a more favourable bargaining position. In an interview with energy expert Jonathan Stern of Oxford University’s Institute of Energy Studies, he argues that such a strategy is necessary, but, doubts, given the very differences that exist with gas production, distribution and marketing, that the formulation of an OPEC type organisation is ‘almost certainly not viable’.

    IS THE GECF A VIRTUAL FORUM?

    In fact, there is an organisation, the Gas Exporting Countries Forum (GECF), which seeks to promote cooperation and coordination between gas exporters and prevent cooperation. Fortunately, for Europe , Jonathan has observed that the GECF ‘has showed it to be a relatively chaotic organisation with unstable membership and an uncertain future. It rarely meets, has no website and no official documents about its activities.’

    EUROPE INCREASINGLY UNDER THREAT?

    At present, a majority of Europe’s gas imports comes via pipelines from Russia, Norway and Algeria , with some via liquid natural gas tankers from Qatar and Nigeria . The current nature and structure of the global gas mar

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    interview with energy expert Jonathan Stern of Oxford University’s Institute of Energy Studies, he argues that such a strategy is necessary, but, doubts, given the very differences that exist with gas production, distribution and marketing, that the formulation of an OPEC type organisation is ‘almost certainly not viable’.

    IS THE GECF A VIRTUAL FORUM?

    In fact, there is an organisation, the Gas Exporting Countries Forum (GECF), which seeks to promote cooperation and coordination between gas exporters and prevent cooperation. Fortunately, for Europe , Jonathan has observed that the GECF ‘has showed it to be a relatively chaotic organisation with unstable membership and an uncertain future. It rarely meets, has no website and no official documents about its activities.’

    EUROPE INCREASINGLY UNDER THREAT?

    At present, a majority of Europe’s gas imports comes via pipelines from Russia, Norway and Algeria , with some via liquid natural gas tankers from Qatar and Nigeria . The current nature and structure of the global gas ma

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    n OPEC type organisation is ‘almost certainly not viable’.

    IS THE GECF A VIRTUAL FORUM?

    In fact, there is an organisation, the Gas Exporting Countries Forum (GECF), which seeks to promote cooperation and coordination between gas exporters and prevent cooperation. Fortunately, for Europe , Jonathan has observed that the GECF ‘has showed it to be a relatively chaotic organisation with unstable membership and an uncertain future. It rarely meets, has no website and no official documents about its activities.’

    EUROPE INCREASINGLY UNDER THREAT?

    At present, a majority of Europe’s gas imports comes via pipelines from Russia, Norway and Algeria , with some via liquid natural gas tankers from Qatar and Nigeria . The current nature and structure of the global gas ma

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    cooperation. Fortunately, for Europe , Jonathan has observed that the GECF ‘has showed it to be a relatively chaotic organisation with unstable membership and an uncertain future. It rarely meets, has no website and no official documents about its activities.’

    EUROPE INCREASINGLY UNDER THREAT?

    At present, a majority of Europe’s gas imports comes via pipelines from Russia, Norway and Algeria , with some via liquid natural gas tankers from Qatar and Nigeria . The current nature and structure of the global gas ma

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    p>EUROPE INCREASINGLY UNDER THREAT?

    At present, a majority of Europe’s gas imports comes via pipelines from Russia, Norway and Algeria , with some via liquid natural gas tankers from Qatar and Nigeria . The current nature and structure of the global gas market, together with its ‘…higher costs and greater rigidity of natural gas transportation compared to oil or coal…’ leaves little opportunity for a gas cartel to arbitrarily adjust production volumes and price levels, in a similar manner to OPEC.

    In any case, current Russian energy export policy is against surrendering any part of its existing power by involvement implicit in any OPEC type organisation. ‘Russia has never sought to join (or been invited to join) despite its importance in the global oil trade,’ Jonathan Stern observed.

    RUSSIA BYPASSES THIRD COUNTRIES
    The prospect of Europe facing a repeat of its disruption to its supplies, due to Belarus and the Ukraine being in dispute with Gazprom over the price these countries should pay for gas is seen by Jonathan as ‘highly unlikely.’ Such a threat is only likely to occur ‘If they refuse to pay market prices for Russian gas supplies and allow their contracts to run out.‘ This threat is being further reduced by Gazprom building direct pipelines to Western and Southern Europe whic

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