7 countries launch Eastern Mediterranean Gas Forum in EgyptChristian Fernsby ▼ | January 17, 2020
Seven countries adopted the institutional framework for creating the Eastern Mediterranean Gas Forum that will be based in Cairo.
Energy in Africa Egyptian Oil Minister Tarek al-Molla
Topics: Mediterranean gas Egypt
The seven countries agreed on January14, 2019 to set up the forum to create a regional gas market, cut infrastructure costs and offer competitive prices.
The organization aims to "create a regional gas market that serves the interests of its members by ensuring supply and demand, optimizing resources development, rationalizing the cost of infrastructure, offering competitive prices and improving trade relations," said the statement. ■