During their session in Equatorial Guinea's capital, Malabo, on Monday, energy ministers of GECF member states chose Tehran as the venue of the organization’s next ministerial meeting in 2013.
The participants also discussed the changing nature of the gas market and the need to adopt new approaches.
They highlighted the importance of natural gas as a clean, safe, green, and reliable fuel as well as an efficient energy carrier.
GECF is an intergovernmental organization of the world's leading natural gas producers comprising Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago and Venezuela.
Iran is one of the biggest reserve-holders in the GECF. The Iranian South Pars gas field contains 14 trillion cubic meters of natural gas, about eight percent of the world's reserves, and more than 18 billion barrels of LNG resources.
The first GECF summit meeting was held in the Qatari capital of Doha on November 15, 2011.
press tv/281
