GECF Summit in Moscow: President Tebboune Calls for Energy Market Stability
The eighth summit of the Gas Exporting Countries Forum (GECF) commenced in Moscow, with Prime Minister Nadir Larbaoui attending on behalf of President Abdelmadjid Tebboune. In his address, President Tebboune emphasized that natural gas is a cornerstone of global economies and a key partner in the energy transition. He stressed the importance of stable regulatory frameworks to encourage investment and ensure fair pricing. Advocating for a just and gradual energy transition that does not burden developing nations, the President highlighted Algeria's commitment as a reliable gas supplier. He pointed to major initiatives, including the Trans-Saharan gas pipeline and the South2 Hydrogen Corridor, urging GECF members to foster stronger cooperation to ensure supply security amidst current geopolitical challenges.