Energy Ministers from the EU, North Africa and the East Mediterranean, high officials, industry representatives and key stakeholders in the energy sector have met in Malta to exchange views on how gas-related developments in the Mediterranean region can enhance security of supply in Europe, North Africa and the Middle East.
This discussion takes place at a critical time when the wider geopolitical events could have implications on energy security. In reaction to this, and in line with the European Council conclusions of March 2014, the European Union is putting further impetus on its supply diversification objectives. North African and Eastern Mediterranean countries are also looking to develop their economies and meet increasing domestic energy demand.
The Participants agreed that secure, sustainable and affordable energy is a priority for all, and is a key factor for underpinning stability and prosperity in the region. They underlined the importance of regional cooperation to strengthen security of supply but also to favour regional trade at the interest of both gas producers and consumers in the EU, North Africa and the Middle East.
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