The discovery of offshore gas in the eastern Mediterranean basin has undoubtedly
become part of economic stakes in the region, stirring local, regional and
international envy, and further complicating an already complex geopolitical map.
Turkey, Cyprus, Israel, Syria and Lebanon each defend their gas potential in the
Mediterranean, fueling an existing competition, if not a clear animosity, between
riparian countries of the same hydrocarbon‐rich area. For various players, including
international companies that might be interested in the economic potential of
Mediterranean gas, regional tension in general and territorial conflicts in some
cases, pose much uncertainty on the exploitation of gas fields...continue reading