Qatar, one of the world s top natural gas holders renewed its call for a mechanism to link pricing for the commodity to oil prices to ensure stability in the market.
In a statement, Qatar s energy ministry said it will stabilize the market and the market would be open to everyone.
There would be a guaranteed supply, instead of having exporters switching destinations of their exports depending on (offered) prices, it said.
Gas prices are determined either in long-term contracts between seller and buyer, which some exporters index to oil, or on spot markets.
However some critics within Qatar ddidnt agree with the idea to form a group of gas exporters like Opec which influences prices by setting quota allocations.
Qatar is home to the Gas Exporting Countries Forum, whose member s control 69 per cent of proven global natural gas reserves.
In a statement, Qatar s energy ministry said it will stabilize the market and the market would be open to everyone.
There would be a guaranteed supply, instead of having exporters switching destinations of their exports depending on (offered) prices, it said.
Gas prices are determined either in long-term contracts between seller and buyer, which some exporters index to oil, or on spot markets.
However some critics within Qatar ddidnt agree with the idea to form a group of gas exporters like Opec which influences prices by setting quota allocations.
Qatar is home to the Gas Exporting Countries Forum, whose member s control 69 per cent of proven global natural gas reserves.
