Main objectives of the East Mediterranean Gas Forum

The East Mediterranean Gas Forum (EMGF) was announced in 2019. In 2020, it transformed into an international intergovernmental organization based in Cairo that includes Cyprus, Egypt, Greece, Israel, Italy, Jordan and Palestine.

the EMGF will serve as a platform “to foster cooperation and
initiate a structured and systematic policy dialogue on natural gas, potentially leading to the development of a sustainable regional gas market.”

Its main objectives include:

a. Assist the creation of a regional gas market that benefits the members through security of supply and demand, optimized resource development and infrastructure cost, competitive pricing, and improved commercial relationships;
b. Ensure security of supply and demand for the Members, optimize resource development, utilize efficiently existing and new infrastructure, ensure competitive pricing, and promote improved commercial relationships;
c. Foster cooperation, by creating a structured and systematic dialogue on natural gas, including regional natural gas policies;
d. Promote, on the basis of international law, a higher understanding of the interdependency and the potential benefits of cooperation through dialogue among its Members;
e. Support producing countries, and countries with gas reserves in the region, in their efforts to monetize their existing and future reserves, through fostering cooperation among them, and with the transit and consuming countries in the region; utilizing the existing infrastructure and
developing more infrastructure options to accommodate the existing and future discoveries.
f. Help consumer countries in their endeavors to secure their needs, and together with the transit countries formulate the gas policies in the region, thereby enabling sustainable partnership among key players across the gas value chain.
g. Ensure the environmental sustainability of gas exploration, production, transportation and infrastructure building, and promote gas integration with other energy resources, notably renewables, and in the power grid.

Source: The Natural Resource Governance Institute