In a teleconference, Egypt hosted the signing ceremony of the EMGF, with the participation of 7 ministers from different countries across the East Mediterranean region.
“Now is the era of co-operation in the Eastern Mediterranean. Gas is a resource for energy but is also a catalyst for peace,” the Egyptian minister Tarek El Molla said. The EU needs alternative sources of gas and energy", he said, “this will come from the Eastern Mediterranean”.
In addition to France, who witnessed the signing of the charter, the EMGF is supported and recognized by the European Union, World Bank, and the United States.
Cyprus Energy Minister Natasa Pilides said that the Gas Forum is open to all countries that have an interest in the region, as long as all the founding members agree unanimously on their participation. She called it a “historic day and true milestone” for regional cooperation in energy production.
Israeli Energy Minister Yuval Steinitz said the signing saw the discussion forum upgraded to a “real regional organisation”. The deal is the first of its kind, Steinitz said, noting export deals for the transportation of gas to Jordan and Egypt.