7 countries launch Eastern Mediterranean Gas Forum in Egypt

Cairo, Jan 17 (IANS): Seven countries on Thursday adopted an institutional framework to create the Eastern Mediterranean Gas Forum to be based here, a media report said.

"The seven Mediterranean countries -- Cyprus, Greece, Israel, Italy, Jordan, Palestine and Egypt -- have implemented a clear roadmap that contributes to finishing the foundation framework for the official launch of the forum," Egypt Oil Minister Tarek al-Molla was quoted as saying by an Oil Ministry statement.

The seven countries agreed on January 14, 2019 to set up the forum to create a regional gas market, cut infrastructure costs and offer competitive prices, Xinhua reported.

The organisation aims to "create a regional gas market that serves the interests of its members by ensuring supply and demand, optimising resources development, rationalising the cost of infrastructure, offering competitive prices and improving trade relations," said the statement.


Top Stories

Leave a Comment

Title: 7 countries launch Eastern Mediterranean Gas Forum in Egypt

You have 2000 characters left.


Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.