Egypt takes a major step towards its regional energy hub ambitions with the formalization of the Eas
23. September 2020
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The Eastern Mediterranean Gas Forum is now officially an established organization headquartered in Cairo after six of the seven founding states signed its charter yesterday, marking another key step in Egypt’s path to becoming the region’s premier energy hub, according to a cabinet statement. The organization will serve as a market platform for natgas producers, consumers, and transit countries in the region to develop existing resources and develop the infrastructure for future exploitation, in addition to regulating natgas policies in the region that protect the rights of member states to preserve their resources, the signatories said in a joint statement after the online ceremony. The seventh member, Palestine, did not attend the ceremony but will sign at a later date.
How is this all going to happen? Through the forum, member states will exchang