Paris, 13 June 2019 – With the Mediterranean Sea potentially set to become an ECA (Emission Control Area), Egypt is well-placed to spearhead energy transition in the East Mediterranean thanks to Liquefied Natural Gas (LNG).
On June 13, the Union for the Mediterranean (UfM) Gas Platform Conference, entitled The Role of LNG in Mediterranean Gas Security, took place at the Hotel Intercontinental Paris Le Grand. Organised by the Observatoire Méditerranéen de l’Energie (OME) with the support of the European Commission. The event explored the role LNG will play in the near future in energy diversification, innovation, and transition in the Euro-Mediterranean region.
At the opening session, Dominique Ristori, Director-General for Energy of the European Commission, Nasser Kamel, Secretary General of the UfM Secretariat, and Houda Ben Jannet Allal, UfM Gas Platform Secretariat, Director General of the OME, highlighted the role of the UfM Gas Platform as the “gathering place of reference” to strengthen regional dialogue and cooperation in the Euro-Mediterranean gas sector.
In the Strategic Debate, HE Tarek El-Molla, Minister of Petroleum of Egypt and Dominique Ristori, shared with the participants the latest developments on Egypt’s and EU’s energy policies; the place of natural gas in Egypt’s energy future; how Egypt has been successful in taking a large deposit from discovery to production in record time, resuming exports and sending a strong message to potential investors; EU strategy towards natural gas and LNG; the importance of natural gas in the energy security/transition of the Mediterranean region; crucial importance of regional cooperation; and the role of OME and of the UfM Gas Platform in facilitating this cooperation.
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