IEF, EMGF Join Forces to Boost Decarbonization in the East Mediterranean

The East Mediterranean Gas Forum (EMGF) sealed a memorandum of understanding (MoU) with the International Energy Forum (IEF). The MoU aims to develop regional talks on gas market security, as well as transparency and decarbonization.

The MoU was signed by the EMGF Secretary General Osama Mobarez and IEF Secretary General Joseph McMonigle.

“The huge gas reserves of the Eastern Mediterranean will play an increasingly important role in global energy security, so it is critical that we support the energy dialogue in this region and work with the East Mediterranean Gas Forum to enhance understanding of this resource and its role in the global market,” said McMonigle.

“At a time of heightened global energy consciousness, it is important that EMGF and IEF embark on a comprehensive energy dialogue that addresses energy security, protects market stability and promotes transparency, while addressing climate change, and guaranteeing just and orderly transitions that work for all countries,” Mobarez commented.

According to the MoU, the IEF and EMGF will be represented at each other’s ministerial meetings. The two organizations will cooperate on gas market security, sustainability policies gas sector investment research, innovations, trends, trade, in addition to other fields. The EMGF and IEF will further collaborate in establishing a hydrogen network making use of the crucial role played by gas in the energy transitions.

The East Mediterranean Gas Forum (EMGF) sealed a memorandum of understanding (MoU) with the International Energy Forum (IEF). The MoU aims to develop regional talks on gas market security, as well as transparency and decarbonization. The MoU was signed by the EMGF Secretary General Osama Mobarez and IEF Secretary General Joseph McMonigle. “The huge gas…