East Mediterranean Gas Forum formally established with headquarters in Egypt

  • Date: 22-Sep-2020
  • Source: Ahram
  • Sector:Oil & Gas
  • Country:Egypt
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East Mediterranean Gas Forum formally established with headquarters in Egypt

Six energy ministers, including from Egypt, signed the East Mediterranean Gas Forum (EMGF) charter on Tuesday, establishing a vital platform that brings together gas producers, consumers and transit states to boost a sustainable regional market for gas.

According to a joint statement, Egypt's petroleum ministry hosted on Tuesday the signing ceremony of the Middle East energy forum - which will have its headquarters in Cairo - via teleconference with the participation of the seven ministers.

The forum's members are Cyprus, Egypt, Greece, Israel, Italy, Jordan.

The forum was formed in January 2019 to "create a regional gas market, optimise resource development, cut the cost of infrastructure, offer competitive prices and improve trade ties.“

The EMGF will set "a shared vision and systematic and regulated dialogue over natural gas