EMGF Discusses the Region’s Natural Gas Future 

EMGF Discusses the Region’s Natural Gas Future 
MEDITERRANEAN SEA, ISRAEL – MARCH 28: In this handout image provided by Albatross, The Tamar drilling natural gas production platform is seen some 25 kilometers West of the Ashkelon shore on March 28, 2013 in Israel. The offshore Tamar drilling site which was originally dispatched from a shipyard in Texas at the end of last year is due to start producing natural gas next week. Over the past few years Israel has suffered from a shortage in natural gas, but with the new platform that weighs 34,000 tons and will be mainly operated by Israelis, the US company Nobel Energy which owns a 36% stake in Tamar, hopes to change Israel’s energy situation as well as the economy as a whole. (Photo Photo by Albatross via Getty Images)

The East Mediterranean Gas Forum’s (EMGF) held its sixth meeting via video conference to discuss the natural gas industry’s future and the natural gas market development to optimize the region’s potential from reserves and infrastructure, according to a press release.

The meeting, which was headed by Egypt’s representative, comes in light of the unprecedented global challenges due to the coronavirus (COVID-19) outbreak and its implications on economic activities, especially the natural gas industry.

The members delved into several topics of cooperation, economic and organizational activities related to the natural gas industry which comes in line with the Gas Industry Advisory Committee’s (GIAC) plans. The members endorsed and commended GIAC’s plan and promised to provide all means of support towards implementing it.

Additionally, the members discussed the procedures for finalizing the establishment of an official organization of the forum which was previously signed in January in Cairo and met the necessary approvals by the European Union (EU). The forum also scheduled GIAC’s fourth meeting to take place in June 2020. 

EMGF’s members considered the procedures for accepting new members of GIAC in light of the requests received from many industry parties in the region. The meeting concluded its activities by agreeing to hold the seventh meeting in H2 2020.

The meeting was attended by representatives of EMGF’s founding members which include; Egypt, Cyprus, Greece, Italy, Palestine Jordan, Israel, as well as representatives of the EU and the World Bank.

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