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Gas Producers’ Club, Based on OPEC, Will Have Doha Headquarters

Russia, Iran and other countries controlling the world’s biggest natural-gas reserves agreed to coordinate forecasts, investments and relations with consumers to defend their market interests amid volatile energy prices.

The 15-member Gas Exporting Countries Forum, which adopted a charter in Moscow yesterday, will locate the headquarters of its new secretariat in Doha, Qatar, the biggest source for world liquefied natural gas shipments. LNG may eventually form the basis for more global gas trading.