State Department Urged To Thwart "Gas OPEC"

Law360, New York (April 3, 2007, 12:00 AM EDT) -- The United States must take preemptive action to stop leading natural gas producers from forming an OPEC-style gas cartel, Rep. Ileana Ros-Lehtinen has said in a letter to Secretary of State Condoleezza Rice.

The letter urged Rice to take a strong stance on the issue before natural gas exporting countries, including Russia and Iran, convene in Doha, Qatar on April 9.

Ros-Lehtinen’s concerns about the effects of a cartel similar to the Organization of Petroleum Exporting Countries echoed those expressed by European Union and United States...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.