Minister: Iran Suitable Gateway for Energy Trade in Region
23:00 - September 16, 2024

Minister: Iran Suitable Gateway for Energy Trade in Region

TEHRAN (ANA)- Iranian Oil Minister Mohsen Paknejad said that his country which enjoys a unique geopolitical position is a suitable gateway and crossroad for the regional energy transit and trade.
News ID : 7006

Paknejad made the remarks in a meeting with Secretary General of the Gas Exporting Countries Forum (GECF) Mohamed Hamel.

Hamel was in Tehran to discuss and coordinate holding the 26th Ministerial Meeting of the forum in late October.

In the meeting, Paknejad said that Iran is one of the main founders of this forum, adding “We consider the hosting of the 26th Ministerial Meeting in Tehran at the start of the 14th administration’s taking office as positive.”

“Just as the first Ministerial Meeting of the forum was held in Tehran in 2001 and brought positive outcomes for the members, it is expected that this meeting with the maximum participation of the members, will also yield valuable collective achievements.”

“Considering the geopolitical situation of the world and the specific conditions of global gas markets, especially during energy crises, special support should be given to the GECF Secretariat, so that this forum can play a prominent role in stabilizing global energy security through the comprehensive participation and cooperation of its members,” Paknejad said.

Referring to the GECF’s specialized reports, such as the gas market outlook, and its important place in depicting an outlook of the gas market, the minister stated, “Given its geopolitical position, Iran can play the role of a crossroad for energy trade and transit in the region.”

Paknejad emphasized that the role of natural gas is crucial not only for energy security but also for advancing global climate policies, especially during the transition to clean energy noting that the GECF Secretariat, in coordination with the OPEC Secretariat, can effectively participate in the meetings and negotiations of the United Nations Climate Change Conference (COP 29) which is planned to be held in Azerbaijan Republic.

Expressing gratitude for the efforts of the GECF Secretariat in recent years, the minister said, “Among these initiatives is the establishment of the Gas Research Institute (GRI), which can provide a significant foundation for member countries to cooperate in the fields of technology, education, and human resources.”

“I hope the collaboration between the GECF Secretariat and Iran’s Research Institute of Petroleum Industry will progress, and research cooperation will take place in emerging areas such as hydrogen, artificial intelligence, and other contemporary issues.

We have made great efforts the Ministerial Meeting of GECF in Tehran to be effective and fruitful,” he said.

The 26th Ministerial Meeting of GECF will be held in Tehran late October.

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