The 10th Mediterranean Offshore Conference and Exhibition (MOC 2019) held an expanded symposium on the conference’s second day, October 16, 2019, to discuss the challenges of natural gas market liberalization and Egypt’s plan to become a regional natural gas and petroleum hub, according to El-Ahram Gate.

Gas Regulatory Authority’s (GasReg) General Manager (GM), Engy Adly, presented the most important objectives of the authority and the development of the executive work in it.

Moreover, the Egyptian Natural Gas Holding Company’s (EGAS) Assistant GM, Lamiaa Abou Shouhba, highlighted the executive procedures that were conducted for the company become a regional natural gas hub, which comprised four main themes: negotiation with regional countries to bring Eastern Mediterranean natural gas to liquefaction facilities and exporting it to the European markets, the processing works of liquefaction plants to receive the natural gas, supporting the national network, and the possibility of implementing liquefied natural gas (LNG) supply stations for ships.

Also, Cyprus Oil & Gas Company presented the development of the Cypriot gas market and its strategic objectives to direct gas to Egypt, while Shell’s representative presented some of the European countries’ experiences to become strategic centers for trading natural gas.