Venezuelan Leader’s Gas Cartel Idea Unlikely To Interest Russia, Turkmenistan
10/9/2009Interview for RFERL on the hypothesis of a gas cartel.
It’s enough to send a chill, figuratively and literally, down the spines of energy consumers: the creation of a cartel of natural-gas producers. It would be an organization akin to the Organization of the Petroleum Exporting Countries (OPEC), the body so many blame when the price of gasoline starts to rise.
“A gas cartel, should it see the light, would mean that producer countries would augment their power even more and that they could have a stronger say on gas prices,” says Federico Bordonaro, a senior analyst with equilibri.net, an Italian-based analytical group specializing in risk assessment.
