Prospect of gas cartel should worry the industry

Kamalick, Joe
April 2007
ICIS Chemical Business;4/23/2007, Vol. 2 Issue 63, p16
Trade Publication
The article reports that the U.S. chemical producers should be concerned about the emergence of a natural gas pricing cartel similar to Organization of Petroleum Exporting Countries. U.S. officials are considering the Gas Exporting Countries Forum (GECF) which was formed in Tehran, Iran in 2001. GECF officials deny that they are a price-fixing cartel. Chemical manufacturers in the U.S. are almost wholly dependent on natural gas as either feedstock or energy fuel.


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