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US Support for Eastern Mediterranean Gas Forum and Pipeline

The US Senate affirms its support for the Eastern Mediterranean Gas Forum (EMGF) and the construction of the gas pipeline in the region. This initiative aims to enhance Europe's energy security, reduce reliance on Russian gas, and foster economic cooperation and peace in the region, potentially impacting energy price stability.
Key points
Increased energy security for Europe through diversification of gas sources.
Reduced European reliance on Russian gas supplies.
Promotion of economic and political cooperation among regional countries, contributing to stability and development.
Potential benefits for consumers through ensuring competitive gas prices.
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Additional Information
Print number: 117_SRES_271
Sponsor: Sen. Cruz, Ted [R-TX]
Process start date: 2021-06-15