MOSCOW (Dispatches) - The four-day summit of the Gas Exporting Countries Forum (GEFC) has kicked off in Bolivia; it is hoped that participants such as Qatar and Egypt will be able to overcome their recent differences for the benefit of the industry as a whole, South American analyst Alejandro Sanchez told media.
The fourth summit of the Gas Exporting Countries Forum (GEFC) started in the Bolivian city of Santa Cruz de la Sierra on Tuesday.
"The event is extremely important for Latin America, since many countries of the region participate in it. From Mexico to Argentina, these lands were blessed with deposits of oil, gas and other sources of renewable and non-renewable energy. Many economies in the region depend on this sector," analyst Alejandro Sanchez said.

Established in Iran in 2001, the GECF consists of 12 member countries: Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago and the UAE. The seven observer countries are Azerbaijan, Iraq, Kazakhstan, Netherlands, Norway, Oman and Peru.