Cooperation between the East Mediterranean Gas Transmission Network Operators (MEDGIO) country members is set to enable the sustainable development strategy by securing energy demands with renewable energy, Minister of Petroleum, Tarek El Molla, said, Egypt Oil & Gas reports.

El Molla’s words came during his speech in the East Mediterranean Gas Transmission Network Operators (MEDGIO) meeting held by Egyptian Natural Gas Company (GASCO).

The East Mediterranean region will become a natural gas hub in the upcoming years due to new gas discoveries, El Molla pointed out.

Egypt recognizes the importance of natural gas in meeting energy demands as it represents 75% of Egypt’s hydrocarbon reserves, El Molla explained.