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Eastern Mediterranean Gas Discoveries: Local and Global Impact
Author(s) -
Shin Sang Yoon,
Kim Taehwan
Publication year - 2021
Publication title -
middle east policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.177
H-Index - 27
eISSN - 1475-4967
pISSN - 1061-1924
DOI - 10.1111/mepo.12546
Subject(s) - geopolitics , middle east , mediterranean climate , natural gas , international market , production (economics) , mediterranean sea , unconventional oil , geography , economy , political science , fossil fuel , natural resource economics , international trade , business , economics , archaeology , engineering , politics , law , macroeconomics , waste management
The ongoing discoveries of natural‐gas reserves in the eastern Mediterranean region significantly affect international relations. Since their viability has been increasingly confirmed, they have attracted public attention in the international energy market. Focusing on current gas production and trading in the Middle East, this paper studies the anticipated impact of gas production in the sea on geopolitical relations in the Middle East and investigates how these results may change the geoeconomic strategies of global energy‐market players as well as nearby countries. In addition, our analyses provide comprehensive insights into the evolution of gas discoveries in the Eastern Mediterranean.