During the Union for the Mediterranean (UfM) Ministerial meeting which gathered ministers responsible for energy from 43 Member States, UfM Member States agreed on the importance of starting regional cooperation on energy in the Mediterranean basin, as it is a major factor for security of supply and stability for the entire region.
Incoming MEDREG President, Mr Alexandre Santos, said: “the Association of Mediterranean Energy Regulators is the only organisation that represents public and independent institutions in the region, supporting and contributing to the creation of a harmonised regulatory framework in the energy sector. A stable and predictable regulatory framework is an important tool to foster investment in our region. We consider that the initiative to establish three UfM Energy Platforms on Electricity, Gas and Renewables is important to enhance the development and integration of the Euro-Mediterranean energy markets in the region. Through MEDREG, regulators stand ready to support this process.”
The Ministerial Declaration on Energy is a major milestone for the entire region and reflects the spirit of cooperation among UfM Member States involved in this process.
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