Tuesday, April 10, 2007

Venezuela backs natural gas cartel

Venezuela’s government said that it would back efforts by the Gas Exporting Countries Forum to establish a cartel on natural gas. “Yes, I do believe it would be a very good idea” affirmed Venezuelan Minister of Energy Rafael Ramírez at the notion of creating an OPEC-like group for gas.

Not every major gas producing country agrees with making a gas cartel; the U.S. and Europe have major doubts about forming an alliance and Bolivia has yet to fully commit to the idea.

Update: Here's an interesting addendum to the issue- Anti-Chavez Congresswoman Ileana Ros-Lehtinen issued a press release against the creation of a gas cartel. (Links via earthtimes.org and CBS4.com)

Links- Reuters, El Universal, USA TODAY, Indian Muslims

Image- BBC News

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