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> Economy

Cabinet approves bill ratifying East Mediterranean Gas Forum statute

"The statute of the organisation, officially enters into force, and therefore the first official meeting of its members can follow"

Newsroom December 23 09:19

The Council of Ministers approved on Tuesday the bill ratifying the statute of the international organisation EMGF (East Mediterranean Gas Forum).

Minister of Energy Natasa Pilides said after the meeting of the Cabinet that the aim of the EMGF is to ensure the optimal use of natural gas in the eastern Mediterranean region.

“This is an important development as with the approval of the ratification law by the first five countries that participate in the organisation, the statute of the organisation, officially enters into force, and therefore the first official meeting of its members can follow,” she said.

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She added that Palestine, Egypt and Jordan have already ratified the law while Israel and Cyprus are expected to proceed very soon with the ratification by their Parliaments.

Read more: Cyprus-mail

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