Russian Gas Group Raises Fears of Cartel

The world's top natural gas exporters have joined forces, and they are complaining about prices while tensions with the Ukraine escalate

Russia's Prime Minister, Vladimir Putin, yesterday warned that the era of "cheap gas" was over as the leaders of the world's 12 biggest exporters of natural gas met in Moscow to form a body—to be known as the Gas Exporting Countries Forum (GECF)—which some worry could be dominated by Russia and operate as an Opec-style cartel.

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