The reductions will be on the same terms as those agreed in November.
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GECF is a gathering of the world’s leading gas producers.
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Iran is ready for any measure contributing to stability in the oil market.
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The US is especially concerned over the Nord Stream 2 project and has been strictly opposing its implementation.
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GECF was set up as an intergovernmental organization with the objective to increase the level of coordination and strengthen the collaboration among the member countries.
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Australia is likely to emerge as the second largest LNG supplier globally in the coming years.
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More than 140 members of IGU are associations and corporations representing over 95% of the global gas market.
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