The Gas Exporting Countries Forum meeting next week will discuss ways of stabilizing natural-gas prices, said Qatar’s Oil Minister Abdullah bin Hamad al-Attiyah.
Natural gas futures for delivery at the Henry Hub in Louisiana have fallen 19 percent this year to $4.566 a million British thermal units on the New York Mercantile Exchange. Prices sank as low as $2.409 in September.
“Limiting the supplies in most of the contracts is impossible because they are long-term contracts,” al-Attiyah told reporters in Cairo today. “But we are going to see and discuss how to stabilize the gas price. Gas should have a premium, it is a clean fuel, it’s a choice fuel.”
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