ALGIERS – Thursday, 22 June 2023 (APS) – The Minister of Energy and Mines, Mohamed Arkab received Wednesday in Algiers a delegation from the Association of Mediterranean Energy Regulators (MEDREG), led by its Secretary General, Hasan Ozkoç, according to a Ministry press release.

The audience took place in the presence of the President of the Electricity and Gas Regulatory Commission (CREG) and the President of the Hydrocarbons Regulatory Authority (ARH), in their capacity as members of the Association since its creation, in addition to executives from the Ministry and these two bodies, the press release states.

On this occasion, the two parties focused on cooperative relations between MEDREG and the regulatory and supervisory authorities in the energy sector, as well as the ways to enhance this cooperation with a view to “facilitating and developing regulatory practices in the energy field, particularly in electricity, gas, and hydrocarbons.”

In this connection, Arkab stressed that “the energy and mining sector attaches particular importance to monitoring and controlling the implementation of public electricity and gas distribution services, and places the consumer at the center of its interests in order to achieve a balance between the interests of consumers and operators and to regulate the activities of the hydrocarbons sector.”

He also stressed the importance of ensuring “greater coordination” within regional energy markets and regulations with a view to ensuring gradual market integration and strengthening energy cooperation relations in the Mediterranean region.

The Minister stressed that the sector, through its regulatory and supervisory bodies, “is ready to boost this cooperation to adopt a mode leading to the establishment of a collaborative platform between the regulatory authorities of the Mediterranean countries, the aim being to develop the exchange of technical knowledge, training, and capacity building.”

Made up of 27 players from the countries of the Mediterranean basin, MEDREG works to promote a transparent, stable, and compatible regulatory framework in the region in order to boost investment in basic infrastructure, protect consumers and boost cooperation in the energy field.