This article discusses the East Mediterranean Gas Forum (EMGF), a regional energy organisation formed in 2020. It highlights the organisation’s significance in promoting cooperation in the East Mediterranean energy sector but notes the absence of a robust legal framework, governance structure and binding rules. The lack of mechanisms for enforcing decisions among members is also a concern. To address these shortcomings, the article proposes the adoption of a regional energy treaty.
The suggested treaty holds the potential of transforming the EMGF into a potent and legally binding energy organisation. By establishing a comprehensive legal foundation, the treaty could foster energy cooperation, promote sustainable energy initiatives, and create a secure investment environment, thereby stimulating economic growth across the Mediterranean region. Moreover, implementation of the treaty could play a crucial role in ensuring energy security within the East Mediterranean. It has the capacity to help in mediating and resolving disputes concerning maritime boundaries, transit and political issues that pose threats to the stability and effectiveness of the EMGF.
For a regional energy treaty to be effective, it should encompass provisions concerning transit, trade, investment and environmental protection. The inclusion of decision-making bodies and robust dispute settlement mechanisms is essential to encourage investment, facilitate unhindered transit and consolidate the stature of the EMGF as a pre-eminent energy organisation.