The Geopolitics of East Med Gas: Hyped Expectations and Hard Realities [GGP]
To appreciate some of these structural transformations, they will be discussed in the context of Europe. Why Europe? Because the alternative to Russian supply has always been presented as a powerful argument for East Med gas. Russian gas is dominant in central/south Eastern Europe. Political arguments against Russian dominance in gas are very important in Brussels, many EU capitals, and the US, especially in the current context of heightened geopolitical tensions. US President Trump has grown increasingly vocal in his opposition to the Nord Stream 2 project taking Russian gas to Germany and Europe, threatening to impose sanctions against the project developers. East Med gas is presented as one of the ways for Europe to diversify its supply sources away from Russia.
This short presentation discusses the changing global context for gas markets and the impact on the development and monetisation of East Med gas reserves and the prospects for an active regional gas trade hub.
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DOWNLOAD "The Geopolitics of East Med Gas: Hyped Expectations and Hard Realities," by Bassam Fattouh, Oxford Institute for Energy Studies (OIES)
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