GECF summit rejects unilateral economic restrictions, political manipulation of gas prices

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GECF summit rejects unilateral economic restrictions, political manipulation of gas prices

STORY: GECF summit rejects unilateral economic restrictions, political manipulation of gas prices SHOOTING TIME: March 2, 2024 DATELINE: March 3, 2024 LENGTH: 00:02:18 LOCATION: Algiers CATEGORY: ECONOMY SHOTLIST: 1. various of the summit STORYLINE: The 7th Summit of the Gas Exporting Countries Forum (GECF), which concluded on Saturday in Algeria, reaffirmed member states' absolute sovereign rights over their gas resources, rejecting unilateral economic restrictions and political manipulation of gas prices. The Algiers Declaration endorsed at the summit condemned unilateral economic restrictions without prior approval of the United Nations Security Council and any extraterritorial application of national laws and regulations against GECF member countries. The declaration said those acts negatively impact the development and trade of natural gas and jeopardize the security of the natural gas supply. The declaration also acknowledged the risks and challenges to the natural gas market arising from

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