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OPEC, OPEC+ market management needs to be copy, pasted by others: Saudi energy minister

Saudi Energy Minister Prince Abdulaziz bin Salman. (Getty Images)
Saudi Energy Minister Prince Abdulaziz bin Salman. (Getty Images)
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15 Oct 2021 01:10:49 GMT9
15 Oct 2021 01:10:49 GMT9

Arab News

The natural gas market is struggling with a lack of stocks, investments and coordination among buyers and sellers and needs to be properly regulated, the Saudi energy minister has said.

Speaking at The Russian Energy Week forum on Thursday, Abdulaziz bin Salman Al Saud also claimed the OPEC+ agreement has started to create a balance and is ensuring energy security when it comes to oil, but it takes a diversity of sources of energy to enable the organization to do that.

He said: “People need to conduct themselves in assuring that world economy is well supplied with the diversity of sources of energy.”

“Gas markets, coal markets, and other energy sources need to be regulated, people need to copy and paste what OPEC has done and what OPEC+ has achieved,” the Saudi minister added.

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