Today, April 23rd 2025, The International Gas Union (IGU) and The East Mediterranean Gas Forum (EMGF) have released a joint report entitled The Role of Gas in Eastern Mediterranean Economies and the Path to the Energy Transition.
Significant discoveries of natural gas fields (Zohr (Egypt) and Leviathan (Israel), Aphrodite (Cyprus)), have dramatically boosted the region's status in the energy landscape. Besides these promising finds, the Eastern Mediterranean holds considerable untapped potential.
As the East Mediterranean Gas sector continues to develop, there are numerous avenues for investment for foreign direct investments (FDIs) or public-private partnerships (PPPs) ranging from upstream exploration and production to midstream infrastructure projects such as pipelines and LNG terminals and downstream activities such as energy distribution networks.
Other promising regional investment opportunities are developing and deploying decarbonisation technologies such as Carbon Capture and Storage (CCS) and Carbon Capture, Utilisation and Storage (CCUS).
Mr. Menelaos (Mel) Ydreos, the Secretary General of the IGU, said: “Gas is essential to human progress and global growth, and this resource base will be vital for ensuring energy security in a region characterised by rapidly growing economies and expanding populations. The Eastern Mediterranean’s natural gas reserves also offer a promising opportunity to supply Europe and other markets with a cleaner energy source, contributing to the global emissions reduction efforts.”
Mr. Osama Mobarez, the Secretary General of the EMGF, said: “This report underscores the strategic role of the Eastern Mediterranean in the global energy transition. By leveraging our natural gas resources and accelerating the deployment of decarbonisation technologies, the region can contribute to energy security, economic growth, and climate action—both regionally and globally. The EMGF remains committed to fostering cooperation among its member countries and with international partners to unlock the full potential of this promising energy hub”