Energy: a shaping factor for regional stability in the Eastern Mediterranean?


 

New regional cooperation scenarios despite conflicts!

⛅ In recent years, the Eastern Mediterranean has been a hot topic in international energy markets. Interest in the area arose when three large fields were discovered between 2009 and 2011: the Tamar and Leviathan fields in offshore Israel and the Aphrodite field in offshore Cyprus.

⛅ To exploit this potential, a number of export options where progressively discussed, from pipelines (to Turkey or Greece) to LNG plants (in Cyprus, Israel and Egypt).

⛅ Analysts have expressed hopes that the new gas discoveries might not only strengthen the energy cooperation in the region, but also pave the way for a new era of economic and political stability.

⛅ However, the high initial expectations were largely muted over time. In Israel, a long-lasting internal political debate on the management of the gas resources created a climate of uncertainty that contributed to the delay of key investment decisions.

⛅ In Cyprus, where the gas discovery was welcomed as a god-sent gift to relieve the country from its financial troubles, the initial enthusiasm cooled down due to successive downward revisions of the expected resources.

⛅ These developments raised scepticism on the general idea that the Eastern Mediterranean might become a gas-exporting region. But expectations were revived by the recent discovery of the large Zohr gas field in offshore Egypt. Considering its size, this discovery – the largest ever made in the Mediterranean Sea –might indeed completely change the regional gas outlook.

⛅ However, multiple lines of conflict (e.g. the Cyprus issue, the changing relations between Turkey, Israel and Egypt, Israel’s relations with neighbours and the Turkish-Greek disputes over the Aegean) make future potential exploitation of Eastern Mediterranean energy resources a major geopolitical issue.

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Türkiye – AB İlişkileri: Bak sen şu bacak kadar «virgül»ün yaptığına…


Ortaklık Gerçekten Yol Ayrımına mı Yaklaştı?!

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«Erdoğan Sorunu»: Avrupa Ne İstiyor? – 4


Je t’aime plus. Moi non plus !

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«Erdoğan Sorunu»: Avrupa ne istiyor?


Türkiye üzerinde tahakküm kurmak mı?

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Reassessing EU-Turkey relations


It’s time to take a new direction and new beginnings?!

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EP starts debating: To Suspend or not all pre-accession funds…


 

Official suspension means the end of 600 million euros per year!

After a referendum granted Turkish President Recep Tayyip Erdogan sweeping new powers earlier this month, the European Parliament voices growing concern about the country’s bid to join the EU.

Since a controversial referendum earlier this month granted Turkey’s leader unprecedented powers, Ankara’s bid to join the EU has come under fire. The path Erdogan has chosen to close the door on partnership with the European Union. Turkey is going in the wrong direction. Anyone with their eyes open should be able to see that. Austria has called to scrap Turkey’s candidacy altogether. Others want to suspend the talks indefinitely, saying the country may still remain a candidate, even if its current government defies European values.

The European Union does not want to close the door on the Turkish people. At the same time cannot look the other way when they proceed on a course which is in the opposite direction of the process of European construction. There are millions of people in Turkey that do share the same European values, millions that do want the EU to remain the anchor for reforms in their country. And therefore don’t agree that in this Parliament who wants to scrap Turkey once and for all as an EU candidate country.

Some fear an abrupt end to the decade-long courtship may upset the latest deal with Ankara on refugees. Europe’s leaders are likely to make a decision this summer.

The European Parliament’s Foreign Affairs Committee is set to start debating the traditional annual resolution on Turkey’s progress on 2 May. The draft resolution for 2016, prepared by rapporteur Kati Piri (S&D, NL), also calls on the EU “to suspend the accession talks with Turkey if the constitutional package is implemented unchanged”.

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Fate of EU – Turkey relations …


A new relationship is needed with Turkey !

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