GECF secretary-general Yury Sentyurin
Banging the drum for gas
The Gas Exporting Countries Forum is backing the fuel to shake off its current malaise and enjoy future growth
Gas and LNG have somewhat lost their ‘golden age’ lustre in the last six months. Record low prices and a global economic contraction that threatens rosy demand projections have dealt body blows to the industry. Speaking to Gas Exporting Countries Forum (GECF) secretary-general Yury Sentyurin, Petroleum Economist found him in a realistic mood about the challenges facing the fuel. But, perhaps unsurprisingly, he remained bullish for the future. Does the GECF believe that the current global gas price slump is temporary? Sentyurin: This year has brought numerous challenges—a ‘perfect storm’, you might say, for the global gas industry. Even before Covid-19, the market environment was not favour
Also in this section
14 April 2026
The GECF has warned it may revise its projections for demand this year downwards in light of conflict in the Middle East, although it maintains its forecasts for 2027 and onwards
13 April 2026
Petroleum Economist analysis highlights sharp shift from crude oversupply to market deficit, with Iraq and Kuwait badly affected and key producers Saudi Arabia and the UAE also seeing output sharply lower
13 April 2026
Turkmenistan is moving ahead with a modest expansion of the giant Galkynysh field to sustain gas deliveries abroad, but persistent delays to other key pipeline projects and geopolitical risks continue to constrain its export ambitions
13 April 2026
Expensive electricity has forced out swathes of energy-intensive industry and now threatens the country’s ability to attract future investment in datacentres and the digital economy
