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Thursday, 7 March 2019

Inaugural meeting of the East Med seven took place yesterday

Inaugural meeting of the East Med seven took place yesterday: Representatives from the seven East Mediterranean countries held the inaugural meeting to form a regional gas market in Cairo on Wednesday, according to an Oil Ministry statement. The meeting, which included representatives from Egypt, Israel, Cyprus, Greece, Italy, Jordan, and Palestine, looked at the initial steps needed to bring about the market. The seven nations had reached an agreement back in January at the East Med Gas Forum to create a regional organization to help establish the market. It remains to be clear what the organization and alliance hopes to achieve, but its establishment and base in Cairo is yet another sign of Egypt’s emerging role as a regional gas hub.

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