Eastern Mediterranean countries have agreed to create a regional gas market in an effort to transform their part of the Mediterranean into a major energy hub.

Egypt, Cyprus, Greece, Italy, Israel, Jordan, and the Palestinian Territories founded on January 14 a forum to ensure supply and demand, cut infrastructure costs and offer competitive prices.

The East Med Gas Forum (EMGF), which will be based in Cairo, right now is in a transitional period, searching for synergies and open to ideas. ...

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