Offshore Gas in East Mediterranean: From Myth to Reality
The wave of deep offshore and unconventional gas and oil exploration projects, rendered economically feasible by relatively high prices and new technologies, has reached the shores of the Mediterranean. Levantine countries, including Cyprus, Israel, Palestinian Territories, Lebanon, Syria, have new offshore gas potentials.
The road leading to a change of energy paradigm in the East Mediterranean is however long and bumpy. Before these countries will be able to tap benefits from these deep water gas (and oil) resources, these countries will actually have to overcome significant geopolitical, regulatory and commercial hurdles.
These resources will also impact significantly the geopolitics of the Middle East. The emergence of cooperation potential is however counterbalanced by revived tensions over border issues. New east Mediterranean gas discoveries also interplays with Turkey's past years foreign energy policy.
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Offshore Gas in East Mediterranean: From Myth to Reality
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Ifri's Energy and Climate Center carries out activities and research on the geopolitical and geoeconomic issues of energy transitions such as energy security, competitiveness, control of value chains, and acceptability. Specialized in the study of European energy/climate policies as well as energy markets in Europe and around the world, its work also focuses on the energy and climate strategies of major powers such as the United States, China or India. It offers recognized expertise, enriched by international collaborations and events, particularly in Paris and Brussels.
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