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Towards a New Eastern Mediterranean Energy Corridor? Natural Gas Developments Between Market Opportunities and Geopolitical Risks

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  • Simone Tagliapietra

    (Fondazione Eni Enrico Mattei)

Abstract

The Eastern Mediterranean region is rapidly changing. The turbolent political transition in Egypt after the Arab Spring, the civil war in Syria, the emergence of Turkey as leading regional power, the tensions between Israel and Gaza and the never-ending dispute between Turkey and the Republic of Cyprus are -all together- reshuffling the regional geopolitical equilibrium. At the same time natural gas findings are flourishing in the offshore of Egypt, Israel, and Cyprus, reshaping the regional energy map and rapidly making the Eastern Mediterranean a world-class natural gas province. These geopolitical and energy pressures are rapidly converging, generating a number of new challenges and opportunities for each player in the region. The aim of this paper is to provide a comprehensive overview on these new regional developments and to propose a critical discussion of the market opportunities and geopolitical risks related to the potential emergence of a new Eastern Mediterranean Energy Corridor.

Suggested Citation

  • Simone Tagliapietra, 2013. "Towards a New Eastern Mediterranean Energy Corridor? Natural Gas Developments Between Market Opportunities and Geopolitical Risks," Working Papers 2013.12, Fondazione Eni Enrico Mattei.
    • Handle: RePEc:fem:femwpa:2013.12
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    Cited by:

    1. Simone Tagliapietra,, 2014. "Iran after the (Potential) Nuclear Deal: What’s Next for the Country’s Natural Gas Market?," Working Papers 2014.31, Fondazione Eni Enrico Mattei.
    2. Simone Tagliapietra, 2014. "Turkey as a Regional Natural Gas Hub: Myth or Reality? An Analysis of the Regional Gas Market Outlook, beyond the Mainstream Rhetoric," Working Papers 2014.02, Fondazione Eni Enrico Mattei.

    More about this item

    Keywords

    Eastern Mediterranean; Natural Gas; Energy Geopolitics; Turkey; Israel; Egypt; Cyprus; Lebanon; European Union; Security of Gas Supply; Energy security;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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