The Implications of Eastern Mediterranean Gas For Turkey
Since the beginning of the year, the Eastern Mediterranean has undergone two important developments that will have significant geostrategic and energy-market implicationsthe discovery of the third-largest natural gas resources off the south coast of Cyprus by ExxonMobil, and the creation of a regional energy forum in Cairo in January. These developments confirm that energy issues will play a bigger role in the new regional dynamics and that several protagonists will be competing to exploit these newly discovered resources.