East Mediterranean gas: an opportunity for closer cooperation

East Mediterranean gas: an opportunity for closer cooperation

Excitement over the discovery of several large natural gas fields in the Eastern Mediterranean at the beginning of this decade was greatly tempered by the fields’ close proximity to two of the world’s most intractable geopolitical conflicts – the Arab-Israeli conflict and the Turkish/Cypriot dispute – and further complicated by the Arab Spring revolts.  While the geopolitics continues to prevent the fields reaching their full potential a decade later, much has changed – most notably, plans to hard wire gas developments together, which could make them more financially viable and create an important regional gas hub.