The founding countries of the East Mediterranean Gas Forum (EMGF), Cyprus, Egypt, Greece, Israel, Italy, Jordan and Palestine have signed a charter on September 22 to become an established international organization contributing to the development of natural gas fields and maximizing the utilization of natural resources in the Mediterranean region.
According to the charter, the EMGF will act as a platform that brings together natural gas producers and consumers to form a joint vision as well as a structured dialogue over natural gas policies to utilize the region’s resources.
Additionally, EMGF fully respects all the rights of its members, preserves their natural resources according to the international law, and supports their efforts to invest in their reserves and infrastructure through effective cooperation with gas industry parties. This will contribute to boosting regional stability and prosperity.
In her remarks the Minister of Energy, Commerce and Industry, Ms Natasa Pilides stated ‘As Energy Ministers of the Founding Members of the East Mediterranean Gas Forum, I believe that we can all be proud of this historic day, one that marks a true milestone in our joined efforts to responsibly and efficiently monetise the Eastern Mediterranean offshore gas discoveries, for our peoples’ benefit and welfare.’
The EMGF also has participation from the industry through a Gas Industry Advisory Committee (GIAC) in which the Cyprus Hydrocarbons Company is an active member.