Geopolitics, Gas and Grand Ambitions: The Outlook for Petroleum Production in the East Mediterranean

Over the past decade, vast offshore hydrocarbon reserves have been uncovered in the so-called Levant Basin, raising hopes that the region may enjoy a new economic boom, and potentially even start exporting gas in the future. Nonetheless, there has been much debate over the viability of substantial gas production and exports from the East Mediterranean, ranging from questions pertaining to the geopolitical dynamics of the region to the effects of lower global oil and gas prices, or the technological feasibility of these projects.

Diána Szőke, Research Fellow at the Institute for Foreign Affairs and Trade (IFAT)

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