As Egypt is the current president of the EMGF, together with the EMGF, they hosted a session at the Egyptian Pavilion in COP28, titled “Regional Cooperation as a Catalyst for Decarbonization and Energy Transition” to showcase the EMGF initiative and progress on the harmonization of decarbonization policies and regulations.
The session had a wide array of speakers, such as H.E. Tarek El Molla- Egyptian Minister of Petroleum & Mineral Resources, H.E. Saleh Ali Al-Kharabsheh- Minister of Energy and Mineral Resources- Jordan, H.E. Osama Mobarez- EMGF Secretary General, SG Joseph McMonigle- IEF Secretary General and Dr. Pratima Rangarajan, CEO of Climate Investment.
During the session, EMGF SG Osama Mobarez spotted the light on EMGF's Vision for Regional Decarbonization: Unveiling EMGF's Unified Policy Declaration on decarbonization of East Med natural gas, which reflects the collective commitment of member countries to sustainable decarbonization and exploring approaches for the implementation and monitoring of decarbonization action, while exploring the key components of EMGF's proposed policy harmonization framework, including MMRV, flaring/venting requirements, LDAR and energy efficiency.
While the Ministers have emphasized the collaborative efforts undertaken by member countries to foster a stable and prosperous energy landscape, and emphasied that through diplomatic dialogue and shared commitment, the EMGF has successfully advanced initiatives aimed at the efficient utilization of the East Mediterranean's abundant gas reserves.
Participant speakers also highlighted the importance of the EMGF in the region, and how it’s playing an active role in reducing the carbon footprint of regional natural gas operations.