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GECF against politically motivated gas price cap — statement

It is reported that natural gas markets are undergoing dramatic changes in terms of physical flows, market functioning, contractual arrangements, and investment

CAIRO, October 25. /TASS/. Attempts to cap natural gas prices because of political motives are detrimental for producers and consumers, participants in the 24th Ministerial Meeting of the Gas Exporting Countries Forum said in their joint statement.

The Ministers "expressed great concern with regard to the attempts to alter the price discovery and risk management functions of markets, and to impose politically-driven price caps," the statement reads. "Such artificial intervention in market functioning can only aggravate market tightness, discourage investment, and be detrimental to producers and consumers alike," the Ministers noted.

"Natural gas markets are undergoing dramatic changes in terms of physical flows, market functioning, contractual arrangements, and investment," the GECF Ministers said. Gas hubs experience serious fluctuations while long-term contract prices are more stable, they noted.

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As the agency says, of the world’s 20 largest stock markets, 14 have hit all-time highs recently

Russia ready to send rescuers to help find Iranian president’s helicopter — diplomat

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Expert says ‘sanitary zone’ in Ukraine should be 300 kilometers deep

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Stock markets on record-hitting spree around the world — Bloomberg

As the agency says, of the world’s 20 largest stock markets, 14 have hit all-time highs recently

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In addition, 23 drone control centers were destroyed and 34 drones shot down or disabled

Defense chief says Finland may reopen crossing points on Russian border

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Congolese armed forces thwart coup attempt — spokesman

Gunfire was heard in the morning near the residence of Vital Kamerhe

Energy infrastructure facility suffers damage in Ukraine’s Poltava Region

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Chairman of Georgia’s ruling party blasts foreign ministers for speaking at protest

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Russian MFA describes Putin’s China trip as defining for world’s future

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Russian forces cut off ammunition supplies to Ukrainian forces in Volchansk — lawmaker

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Russian defense minister: India’s SCO accession opens up new prospects for cooperation

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Medvedev says Kissinger ‘completely wrong’ about main threat to humanity

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Tehran holding indirect talks with Washington in Oman, Iran's envoy to UN confirms

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Ukrainian boxer Alexander Usik becomes absolute world heavyweight champion

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Investigation made final conclusions on Kursk submarine tragedy — Kremlin

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Helicopter with Iranian president crash lands near border with Azerbaijan — agency

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Air defenses down two HARM missiles, two Hammer air bombs over Belgorod Region

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Traffic on the Crimean Bridge has been temporarily closed

Russian oil exports to Asia exceed exports to EU in May 2022 — Deputy PM

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Russian forces reach Gulyapole’s suburbs in Zaporozhye Region

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France preparing contingent of 2,000 troops to be sent to Ukraine — intelligence chief

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Press review: Day one of Putin's China visit and US stands by Ukraine

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Russia’s upgraded T-80BV tank to feature capability of firing depleted uranium shells

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Over 10,000 Ukrainian fighters surrender since summer using special radio frequency

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Russian artillery knocks out Ukrainian intel officers in Kherson — underground member

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