‘Natural gas market needs to be properly regulated’

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

Speaking at The Russian Energy Week forum, 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 organisation to do that.

He said: “[The] people need to conduct themselves in assuring that [the] 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.