cooperate to develop an oil and gas Regulatory Agency, — cooperate to study the different models of electricity markets for establishing a local and regional electricity market and setting the rules and procedures in cooperation with the electricity sector, — continue sector restructuring; to explore possibilities for gradual convergence towards the principles of the EU internal electricity and gas markets and the Euro-Mashrek-Maghreb gas cooperation. Regional element — Cooperate, in the context of the Declaration of Intent of 2 December 2003 on the Euro-Mashrek cooperation in the field of natural gas including as regards the development of a regional Gas Master Plan expected to facilitate the transportation of natural gas in particular between Egypt and the EU, — cooperate in the field of the EU-Mashrek-Maghreb electricity market. Progress on energy networks —