AFESD to study unified energy market

February 27, 2012 19:41

The Arab Fund for Economic and Social Development (AFESD) has commissioned a feasibility study to create a unified energy market from Morocco to Oman, the Italy-based consultancy who will conduct it said on Monday. CESI Middle East has been contracted by the Kuwait-based AFESD to come up with a plan for integrating the loosely connected electricity and natural gas networks of 20 Arab countries.

“The study will identify key infrastructures to be developed or enhanced to maximize the use of the nation’s gas resources,” Matteo Codazzi, Chief Executive Officer of CESI, said in a press release, a source told Alsumaria.

Compared to the highly inter-linked networks of Europe, interconnections between the less developed national networks of the MENA region are few and far between, with little energy trade between those with large amounts of gas or electricity to spare with those that are short of energy.

The Arab Fund for Economic and Social Development was set up by the Arab League in the late 1960s to help drive economic and social development across the region.

World News , Regional news
Source :  News Source
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