EMGF: Regulation of Gas Interests in A Hot Spot
Amid the major discoveries that took place in the Eastern Mediterranean region during the past ten years, some regional countries including Egypt, Cyprus, Greece, Israel, Italy, Jordan and Palestine have agreed to establish the East Mediterranean Gas Forum (EMGF) as an international organization to utilize the full potential of the Eastern Mediterranean offshore gas wealth. The Minister of Petroleum and Mineral Resources, Tarek El Molla, announced that EMGF intends to respect the members’ rights of natural gas according to the principles of international law and support their efforts to benefit from their oil reserves and infrastructure.