The Minister of Petroleum and Mineral Resources, Tarek El Molla, joined the fifth edition of “Rome MED – Mediterranean Dialogues”to discuss Egypt’s role in energy security, according to a press release.
Rome MED was organized by the Italian Ministry of Foreign Affairs and the International Cooperation and the Italian Institute for International Political Studies (ISPI) in Rome.
El Molla confirmed in a session entitled “Energy Security in the 21st Century” in cooperation with the International Energy Forum the importance of the East Mediterranean Gas Forum established in October 2019 (EMGF).
He said that this forum will benefit the economics of the region’s countries and people.
El Molla added that there was an agreement signed between Egypt and the US several months ago to support the renewable and conventional energy projects and advancing the energy efficiency in line with the sharing agreement signed between Egypt and the European Union to contribute in securing the energy supplement for Europe.
“Rome Med 2019” is attended by heads, ministers and representatives of the governments of the Mediterranean countries, aiming at discussing several regional and international issues in the economic and political fields as ways to achieve energy security and stability of the regional energy market and reduce volatility. Furthermore, the current global energy price conditions for producers and consumers are assessed, in addition to the development of the balance of supply and demand and setting expectations for the coming period, as well as discussing the transparency of data exchange and global partnership to achieve energy security.