East-Med Countries Formally Establish Gas-Forum

Egypt, Israel, Greece, Cyprus, Italy and Jordan formally established the East Mediterranean Gas Forum (EMGF) as an intergovernmental organization in a virtual ceremony hosted by Cairo. The group rivals Turkey, which is embroiled in a bitter dispute with Greece and Cyprus over gas drilling rights in the region. France has also asked to join while the United States wants to be an observer.

Israel's Energy Minister, Yuval Steinitz said the deal "brings regional cooperation with Arab and European countries, the first of its kind in history, with contracts to export (Israeli) gas to Jordan and Egypt worth $30 billion, and that is just the beginning,"

Egypt is branding itself as a regional export hub for gas. However, transportation and infrastructure costs besides disputes with Turkey complicate the task.

source: commonspace.eu with agencies

photo: A meeting of the East Mediterranean Gas Forum (archive picture)

Related articles

Editor's choice
News
Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell underlined that the European Union will make every effort to support the peace process and to remain a committed partner to the Afghan people. "Of course, we will have to take into account the evolving situation, but disengagement is not an option.  We are clear on that: there is no alternative to a negotiated political settlement, through inclusive peace talks.
Editor's choice
News
The Houthi rebels are shipping high-tech weapons to Somali rebels

The Houthi rebels are shipping high-tech weapons to Somali rebels

On Friday (4 July), Eurasia Review reported that Yemen’s Houthi rebels were supplying drones to Somali militant groups, raising security concerns across the Horn of Africa. Despite having different religious affiliations — Somali militant groups primarily advocate for Sunni Islamist ideology, while the Houthis back Shiism — the two groups began cooperating to expand ammunition and weaponry supply routes.

Popular

Editor's choice
News
The Houthi rebels are shipping high-tech weapons to Somali rebels

The Houthi rebels are shipping high-tech weapons to Somali rebels

On Friday (4 July), Eurasia Review reported that Yemen’s Houthi rebels were supplying drones to Somali militant groups, raising security concerns across the Horn of Africa. Despite having different religious affiliations — Somali militant groups primarily advocate for Sunni Islamist ideology, while the Houthis back Shiism — the two groups began cooperating to expand ammunition and weaponry supply routes.