- Home
- Business
- News
- Six Countries Formally Establish East Mediterranean Gas Forum - Egypt's Petroleum Ministry
Six Countries Formally Establish East Mediterranean Gas Forum - Egypt's Petroleum Ministry
Faizan Hashmi Published September 22, 2020 | 07:57 PM
Six countries on Tuesday signed the charter of the Cairo-based East Mediterranean Gas Forum (EMGF), thus formally establishing the organization, Egypt's Petroleum and Mineral Resources Ministry said
CAIRO/TEL AVIV (UrduPoint News / Sputnik - 22nd September, 2020) Six countries on Tuesday signed the charter of the Cairo-based East Mediterranean Gas Forum (EMGF), thus formally establishing the organization, Egypt's Petroleum and Mineral Resources Ministry said.
The signing ceremony took place as a teleconference and involved energy ministers from Italy, Israel, Greece, Egypt, Cyprus and Jordan. Senior Advisor to the US Secretary of Energy Victoria Coates and Cristina Lobillo, the head of the EU directorate general for energy, acted as observers.
"The forum is open to any Eastern Mediterranean state. Also, any country of the region or outside of it can apply for the status of the observer within the organization, on condition that it will respect the forum's principles and goals and shares the desire to cooperate for the benefit of the entire region," the countries said in a joint statement quoted by the Egyptian ministry.
Israeli Energy Minister Yuval Steinitz expressed his satisfaction on Twitter.
"Dream comes true!" Steinitz wrote.
His Egyptian counterpart, Tarek El Molla, announced during a webinar that France had asked for permanent membership in the new organization.
The forum is said to be involved in creating a regional policy regarding natural gas. The sides will also look into the rational use of the current infrastructure and its further development.
Recent Stories
Nawaz Sharif to visit Guangzhou exhibition in China
FM Dar not traveling to China: Foreign Office
PM takes notice of deliberate delay in tax cases
Iranian President visits Allama Iqbal’s mausoleum
Iranian President arrives in Lahore today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 23 April 2024
Today Gold Rate in Pakistan 23 April 2024
Islam enlightened world with its teachings about knowledge: Dr Jamileh
Record London close as oil prices drop on easing Middle East fears
TV tower in Kharkiv struck as Russia captured village
LCCI language courses from May 1
Governor for service oriented governance in Punjab
More Stories From Business
-
Gold rates further decline by Rs.7,800 per tola to Rs.240,900
1 hour ago -
Tesla earnings a 'moment of truth' for Musk after stumbles
3 hours ago -
Foreign exchange rates
4 hours ago -
EXCHANGE RATES FOR CURRENCY NOTES
4 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 23 April 2024
5 hours ago -
Today Gold Rate in Pakistan 23 April 2024
6 hours ago
-
Tokyo shares open higher
6 hours ago -
Pakistan commends CIDCA for Continued Support in Economic Development
13 hours ago -
Macro-economic indicators start showing positive trends in country
13 hours ago -
Record London close as oil prices drop on easing Middle East fears
15 hours ago -
LCCI language courses from May 1
15 hours ago -
Ch. Shafay reviews steps for promotion of technical education
15 hours ago