The East Mediterranean Gas Forum as a Platform for a Regional Energy Treaty

Arie Reich, Igor Klotsman

Research output: Working paper / PreprintPreprint

Abstract

This article discusses the East Mediterranean Gas Forum (EMGF), a regional energy organization formed in 2020. It highlights the organization's significance in promoting cooperation in the East Mediterranean's 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 organization. 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, the treaty's implementation could play a crucial role in ensuring energy security within the East Mediterranean. It has the capacity to help mediate and resolve dispute concerning maritime boundaries, transit and political issues that pose threats to the EMGF's stability and effectiveness. ;For the 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 EMGF's stature as a preeminent energy organization.
Original languageAmerican English
PublisherAvailable at SSRN
DOIs
StatePublished - 25 Aug 2023

Publication series

NameBar Ilan University Faculty of Law Research Paper
No.4538438

Keywords

  • East-Mediterranean
  • Natural Gas
  • International Energy Law
  • Egypt
  • Israel
  • Cyprus
  • Greece
  • Regional Energy Treaty

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