Vladmir Putin forming natural gas OPEC-like cartel?

Link:

http://news.xinhuanet.com/english/2008-12/25/content_10555083.htm

http://www.neurope.eu/articles/90618.php

Putin has decried the recent plummet of natural gas and crude oil prices and has attempted to reach out to natural gas exporting countries to develop a cartel system similar to OPEC.

Natural gas has been highly regarded as an abundant source of liquid fossil fuel to supplement petroleum use in Europe and the United States.
Will this work to corner the market for natural gas?

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