Eastern Mediterranean Gas Discoveries: Local and Global Impact

Abstract

The ongoing discoveries of natural-gas reserves in the eastern Mediterranean region significantly affect international relations. Since their viability has been increasingly confirmed, they have attracted public attention in the international energy market. Focusing on current gas production and trading in the Middle East, this paper studies the anticipated impact of gas production in the sea on geopolitical relations in the Middle East and investigates how these results may change the geoeconomic strategies of global energy-market players as well as nearby countries. In addition, our analyses provide comprehensive insights into the evolution of gas discoveries in the Eastern Mediterranean.