The East Mediterranean Gas Forum (EMGF) and Boston Consulting Group (BCG) have announced the start of the second phase of developing the EMGF’s long-term strategy.
This announcement was made at the 2022 Egypt Petroleum Show (EGYPS), the leading oil, gas, and energy exhibition and conference event for Egypt, North Africa, and the Mediterranean, in Cairo.
According to the terms of the project, BCG will support the EMGF to develope a strategic roadmap and a best-practice operating model that would deliver on the EMGF’s vision.
On this occasion, Osama Mobarez, EMGF Secretary General, said: “The Eastern Mediterranean region has an exciting future ahead as a significant resource for natural gas, which is a key driver of the energy transition. The EMGF has progressively evolved into the most renowned Energy Forum in the Mediterranean region. The significance of the EMGF goes beyond energy; it is a pivotal enabler of regional peace, and a vital engine for economic growth and prosperity.”
For his part, Francesco Palmieri, BCG managing director & senior partner, and a co-leader of the project, stated that ” we are delighted that BCG has been chosen to carry out the second phase of this important project to create an impactful long-term strategy for the EMGF, thereby helping the organization to deliver on its ambition and promote the use of natural gas as a low-carbon, sustainable energy source. We are also pleased to be working alongside Member Countries in the Eastern Mediterranean, a region with abundant resource potential. ”
It should be noted that BCG was appointed in September 2021 to carry out phase one of long-term strategy project funded by the European Union, project.
Phase one, among other components, consisted of the development of the forum’s vision statement, mission statement, purpose, and core values. In addition, seven strategic objectives were set to articulate the role of EMGF along the natural gas value chain (upstream, midstream, and downstream) and enablers (Environment & energy transition, advocacy, private sector engagement, and data sharing).
