Thursday 7 March 2019

An opportunity for natural gas in the eastern Mediterranean | Financial Times

An opportunity for natural gas in the eastern Mediterranean | Financial Times:

The past few months have been busy for the eastern Mediterranean gas sector. After nearly a decade of speculation about the potential of the region’s resources, recent developments seem finally to have set it in the right direction.

In January, energy ministers from Cyprus, Egypt, Greece, Jordan and Israel, with representatives from Italy and the Palestinian Authority, met in Cairo to discuss regional co-operation in offshore gas.

The result was the Eastern Mediterranean Gas Forum, a platform aimed at developing a regional natural gas market and taking advantage of existing liquefied natural gas infrastructure in Egypt.

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