Addressing the critical theme of "Stabilizing Energy Markets in a Disrupted World", SG Osama Mobarez highlighted a pivotal transition in the global landscape: the challenge has shifted from simple energy availability to the secure, large-scale delivery of energy to markets. He noted that recent disruptions have exposed vulnerabilities in systems historically designed for efficiency over resilience, particularly those reliant on critical chokepoints. Consequently, the definition of energy security must now evolve to prioritize robust connectivity, diversified supply routes, and deep regional cooperation.
Within this framework, the Eastern Mediterranean stands as a vital component of the solution, possessing the potential to serve as both a reliable supply source and a strategic energy corridor. SG Osama Mobarez emphasized that unlocking this potential requires focused efforts to close existing gaps in infrastructure, regulatory alignment, and investment to ensure long-term stability.