A series of major natural gas discoveries made in recent years and the prospect of substantial hydrocarbons resources waiting to be tapped beneath the Eastern Mediterranean waters have sparked major international interest. If developed in a successful way, they may significantly change the energy picture in the wider Mediterranean region. They may also be a force that promotes energy security, economic prosperity and regional cooperation. If not, they might become a main component of the geopolitical struggle, fuel existing disputes and add to the various frictions and anxieties in the region and beyond.
This article discusses the recent exploration activity, the possibilities of gas exports and export destinations, the options for export infrastructure, and gives an overview of their potential impact on the conflict-laden geopolitical landscape of the region.… Seguir leyendo »