Looking into the fundamentals of the EU’s energy security strategy, a steadfast resoluteness is evident on the promotion of gas-on-gas competition, supported by benchmark hubs, although the costly field development outside of the Union has always been combined with the guarantee of long-term contracts.
The Arab Spring threw a wrench into Egypt’s promising liquified natural gas (LNG) industry. Now, with stability returned to that country and the discovery of new gas deposits in the Nile littoral, Egypt is poised to become a major source of energy to the E.U. market. As auspicious as this sounds, it raises the stakes in an already volatile region marked by militarization and beset by inter-state strife and transcontinental tension.
Following the August signing of the Convention on the legal status of the Caspian Sea, the Southern Gas Corridor (SGC), a large-scale gas pipeline project that aspires to connect the region’s copious hydrocarbon resources to the European markets, has been drawn back into international debate. The present article illuminates how the SGC enhances the […]
The continuing news about the Syrian Civil War tends to obscure the emergence of the East Mediterranean basin as a potentially significant energy-producing region, where military clashes in coming months cannot be ruled out. Recent energy-related success stories in the region include Egypt’s offshore gas discoveries and the continuing growth of Israel’s offshore gas projects, […]
John Szabo writes on the Nord Stream Two gas pipeline, and how it’s divided opinion across Europe and with its allies, and how it could affect EU and NATO projects in the foreseeable future. Germany wants to move forward, but that means that the Cold-War frontlines between East and West could be pushing further west.
European energy security policy reached a milestone in early June when the Trans-Anatolian Natural Gas Pipeline (TANAP, after its Turkish initials) was opened. As the name indicates, the pipeline runs east-west across Turkey (1,850 kilometres) from the Georgian to the Greek border. It will carry, in the first instance, natural gas from Azerbaijan’s Shah […]