Last week, on the eve of its 25th General Assembly, MEDREG held a workshop on the “Future of Gas in the Mediterranean Region” to inform further the work of Mediterranean regulators in this area. Hosted by the Portuguese regulator, ERSE, the event gathered gas experts from International Financial Institutions, regulators, Transmission System Operators (TSOs), policy-makers and industry, who shared their views on the current trends of the sector in the Euro-Mediterranean region and beyond.
Given the high potential of the Mediterranean as a future gas supplier and its geostrategic situation for energy transit, MEDREG is enhancing its long-standing focus on gas issues to reflect the sector’s rapid evolution.
Speaking about the major global trends expected for gas, Mr. Jean Baptiste Dubreuil, Senior Gas Expert at the International Energy Agency (IEA), stated that “Emerging markets have to focus their gas market reforms on making gas prices competitive, respecting the demand/supply balance. […] LNG liquefaction capacity is growing faster than demand but emerging markets will need to build the proper facilities; investment is key”.
MEDREG is the Association of Mediterranean Energy Regulators, which brings together 25 regulators from 21 countries, spanning the European Union (EU), the Balkans and North Africa. Mediterranean regulators work together to promote greater compatibility of the regional energy markets and legislation, seeking progressive market integration in the Euro-Mediterranean basin.