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Eastern Mediterranean countries to boost energy ties

AFP  |  Cairo 

countries including and agreed on Monday to boost through the creation of a body to strengthen the

The decision came during a meeting bringing together seven including those from Cyprus, Greece, Jordan, and the Palestinian territories.

The "East Gas Forum" is to be based in Cairo, Egypt's said, as it seeks to become a regional

The forum will help in "the creation of a regional that benefits the members through security of supply and demand," said a post-meeting statement from the ministry.

It also aims to "ensure competitive pricing, and promote improved commercial relationships".

A further meeting in April is due to determine the body's structure, with plans in the pipeline for other countries or international organisations to join as "observers".

On Sunday, Israel's arrived in to attend the meeting in a rare visit to by an Israeli

Encouraged by the discovery of in the Mediterranean, has recently signed with neighbouring as well as and

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 14 2019. 20:35 IST
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