(Center for Strategic Studies (CSS), University of Jordan & RIEAS Senior Advisor)
Copyright: Research Institute for European and American Studies (www.rieas.gr) based in Athens, Greece. (Publication Date: 13 April 2014).
The energy findings of the East Mediterranean could ensure Europe’s energy security in terms of alternative supply sources and delivery routes. Of particular importance in the European energy security context is that a size-able proportion of confirmed discoveries are situated in the Exclusive Economic Zone of Cyprus, a EU member state, while more discoveries are on the way. Greece, also EU member state, follows next with several promising prospects. Speakers on the sidelines of the 1st Mare Forum Oil and Gas Europe 2014 at a resort south of Athens noted that, in a broader sense, the massive new findings close to the European market are destined to alter the economics and geopolitics of the wider region. The ongoing turmoil in Syria, the Ukrainian crisis, and the aftermath of the Arab spring involve oil and gas in some way or another........ Read more