The gathering brought together heads of state and government from fourteen countries, including Russia, Iran, Qatar, Venezuela, and several guest nations.
This year’s summit revolved around the theme of “Natural Gas for a Secure and Sustainable Future” and came as the industry confronts waning demand for oil and gas and new competition from renewable energy sources.
Algerian president and host, Abdelmadjid Tebboune, said his country was committed to cooperating with member states in the field, in order to strengthen the position of gas as a sustainable and environmentally friendly resource.
Representatives from gas exporting countries expressed their concern at the recurrent volatility of natural gas demand, which they said is adversely affecting global economic performance.
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