With Liquefied Natural Gas (LNG) prices trading near historic lows, there’s been some chatter about whether or not a natural gas equivalent to the Organization of Petroleum Exporting Countries (OPEC) will form. Geopolitical factors alone render the formation of an Organization of Gas Exporting Countries (OGEC) extremely unlikely, while technical factors make it even less likely. OGEC would be more viable if Eurasian overland gas exporters (Russia, Turkmenistan, Azerbaijan, and others) signed on, but marginally higher delivered gas prices would not outweigh risks to their political, economic, and financial ties with the People’s Republic of China. A worldwide natural gas cartel appears extremely improbable.