Energy cooperation: Euro-Med Ministers agree on new dynamics for an enhanced regional energy framework

December 2, 2016
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Energy ministers from the 43 members of the Union for the Mediterranean (UfM), gathered yesterday in Rome at a Euro-Mediterranean ministerial meeting on energy, agreed to step up regional cooperation on energy in order to deliver a secure, affordable and sustainable energy supply, a major factor for stability and shared prosperity in the Mediterranean region.

At the meeting, co-chaired by the European Commissioner for Climate Action and Energy, Miguel Arias Cañete, and the Jordanian Minister of Energy and Mineral Resources, Ibrahim Saif, the ministers agreed that policy dialogue and concrete initiatives will be carried out under the three UfM energy platforms covering the priority policy areas, namely the UfM Regional Electricity Market Platform (UfM REM Platform), the UfM Renewable Energy and Energy Efficiency Platform (UfM REEE Platform) and the UfM Gas Platform.
“Cooperation in the energy sector is a major element of the Euro-Mediterranean Partnership. A secure, sustainable and competitive energy supply is a priority that Europe shares with its North African and Middle East partners, and is key to underpinning stability and prosperity across the region. To achieve these objectives, large scale investments in energy in the Mediterranean will be necessary. The bulk of the financing will have to come from private investors. We therefore need sound regulatory frameworks to attract this much-needed private capital,” said Commissioner Arias Cañete. 
With the ministers’ agreement now in place, the UfM energy platforms are established for structured policy dialogue with a view to identifying concrete partnership actions and following up on their implementation. As such, they will play a central role in taking energy cooperation in the Mediterranean region forward.
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Photo © Farnesina – Ministero degli Affari Esteri e della Cooperazione Internazionale