GECF: Restored unity among Gulf States to bring stability to energy markets 18 Jan 2021 The 41st Summit of the Gulf Cooperation Council (GCC) in the Kingdom of Saudi Arabia, reaffirming the importance of the international dialogue. Itself embodying the ethos of diplomacy and multilateralism, the GECF hails the Al-Ula Declaration's goals to build intergovernmental bridges towards a sustainable future regionally and globally. These shared values of cooperation are the guiding principles of the GECF - a coalition of 19 leading producers and exporters of natural gas jointly representing 71% of their proven reserves, 44% of the source marketed production, 53% of pipeline, and 57% of LNG exports across the globe - as affirmed in its Statute, the 2019 Malabo Declaration at the outcome of the 5th GECF Summit of Heads of State and Government, and the constitutive acts.