Israel along with Egypt, Greece, Cyprus, Italy, Jordan and the Palestinian Authority on Tuesday formalized the charter of a Cairo-based regional energy forum that seeks to promote natural gas exports from the eastern Mediterranean. Israel's Energy Minister, Yuval Steinitz, who took part in the teleconference signing ceremony, said that for Israel, the forum "brings regional cooperation with Arab and European countries, the first of its kind in history."

Gabriel Mitchell, Director of External Relations at Mitvim, the Israeli Institute for Regional Foreign Policies, told KAN reporter Naomi Segal that while the formalization of the regional energy forum is a welcome development, it is muted by the changing economic and geopolitical landscape.