BRIEF HISTORY
Many significant gas discoveries have recently been made in the Eastern Mediterranean, and the basin gas resource prospects remains promising. These new discoveries represent challenges and opportunities for the region as well as the world natural gas market. The full potential of the Eastern Mediterranean basin can only be unlocked if suppliers, buyers and transient countries of gas in this region cooperate on developing infrastructure for gas trade, both within the region and with external markets.
Mission
Developing A Sustainable Regional Gas Market
Serving the whole region whilst the nations’ rights, their natural gas resources, & their independence to utilize all their resources for the welfare of their people.8
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Objectives
Gas Discoveries
These new discoveries represent challenges and opportunities for the region as well as the world natural gas market.
Cooperation
It was clear for the eastern Mediterranean Countries that the key to creating a structured and systematic dialogue on natural gas; is through focusing on governmental cooperation and endeavor to set common strategies based on shared vision for the future of the region’s resources.
Structured Policy Dialogue
The importance of the dialogue is to coordinate the efforts and optimize the utilization of the available infrastructure.
Quick Monetization
The existence of present and future reserves in this vital region, are surrounded by emerging economies in the south & north of the Mediterranean.
