East Mediterranean states formally establish Egypt-based gas forum

Egyptian President Abdel Fattah El-Sisi, center, with US, Israeli and Egyptian ministers during the Eastern Mediterranean Gas Forum, Cairo, July 25, 2019. (AFP)
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Updated 22 September 2020

East Mediterranean states formally establish Egypt-based gas forum

  • Egypt, Israel, Greece, Cyprus, Italy and Jordan established the East Mediterranean Gas Forum (EMGF) as an intergovernmental organization in a virtual ceremony hosted by Cairo
  • The group unites regional rivals of Turkey, which has been locked in a bitter dispute with European Union members Greece and Cyprus over gas drilling rights in the region

CAIRO: Six states signed a charter for an Egypt-based energy forum on Tuesday, giving formal status to a group that seeks to promote natural gas exports from the eastern Mediterranean and that Israel hopes will strengthen ties with Arab neighbors.
Egypt, Israel, Greece, Cyprus, Italy and Jordan established the East Mediterranean Gas Forum (EMGF) as an intergovernmental organization in a virtual ceremony hosted by Cairo.
The group unites regional rivals of Turkey, which has been locked in a bitter dispute with European Union members Greece and Cyprus over gas drilling rights in the region.
The Palestinian Authority is also part of the forum, Israeli Energy Minister Yuval Steinitz said in a statement.
France has applied to join, with the United States and European Union requesting observer status.
For Israel, the forum “brings regional cooperation with Arab and European countries, the first of its kind in history, with contracts to export (Israeli) gas to Jordan and Egypt worth $30 billion, and that is just the beginning,” added Steinitz.
Egypt began importing Israeli gas at the start of this year, for possible re-export to Europe or Asia.
The 2015 discovery of the giant offshore Zohr field had unlocked interest in Egypt’s energy market and encouraged Cairo to promote itself as a regional hub.
However, regional politics, infrastructure and transport costs, and rivalry between Turkey and eastern Mediterranean neighbors, complicate prospects for exploiting and transporting gas from the region.


Algerian president, 75, self isolates as pandemic spreads

Updated 24 October 2020

Algerian president, 75, self isolates as pandemic spreads

  • Tebboune is self isolating because some officials in “upper ranks of the government” are sick with COVID-19
  • “I assure you, my brothers and sisters, that I am well and healthy and that I continue my work,” he said

ALGIERS: Algeria’s 75-year-old President Abdelmadjid Tebboune is self isolating because some officials in “upper ranks of the government” are sick with COVID-19, he said in a Tweet on Saturday.
Tebboune took office in December in an election that came amidst months of mass protests which forced his predecessor Abdelaziz Bouteflika from power after 20 years.
“I assure you, my brothers and sisters, that I am well and healthy and that I continue my work,” he said, saying his decision was taken on the advice of medical staff.
The global pandemic struck Algeria’s economy as it faced long-term challenges posed by the decline of the oil and gas revenues that finance its historically lavish state spending.
So far, Algeria has officially confirmed more than 55,000 cases of the coronavirus with nearly 2,000 deaths.
Though the pandemic forced an end to the weekly mass protest marches through Algiers and other cities that lasted for more than a year, the political challenges remain.
Tebboune has pushed for changes to Algeria’s referendum to limit presidential terms while expanding the powers of the parliament and judiciary.
However, many people in the leaderless protest movement believe their core goals of replacing the old ruling elite and forcing the army to stay out of politics remain unmet.
Algerians will vote in a referendum on the new constitution on Nov. 1, with Tebboune and the country’s powerful army generals seeking a high turnout in order to turn a page on the protests.