“The future of gas lies ahead”: GECF calls for a more flexible energy system

At the 8th summit of the Gas Exporting Countries Forum (GECF) in Moscow, Secretary General Dr. Philip Mshelbila called for a more reliable, flexible and better-funded global gas system. He cited disruptions caused by the pandemic, geopolitical tensions and restrictions, including recent impacts on deliveries through the Strait of Hormuz. Spot prices have doubled since February, he said, affecting consumers, and he called for more gas liquefaction capacity and new markets. Mshelbila also described natural gas as a flexible fuel that emits less than coal.