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East Med Gas: What About the Markets?

Building stuff is the easy part.  What about the markets? asked Alexandros Lagakos, Senior Gas Analyst, Shell Energy Europe, Shell S.A., UK, in a session at the Frankfurt Gas Forum dedicated to future prospects for Caspian and Eastern Mediterranean gas exports to the EU.   He commented:...

Geopolitics of the Energy Resource Potential of the Eastern Mediterranean: International and Regional Actors

The geostrategic significance of Eastern Mediterranean energy resources seems obvious if one considers that the EU is currently importing some 83% of its needs in oil and 57% in natural gas, and that estimates show that Israel, Cyprus and Greece’s deposits suffice for the exclusive feeding of the...

TAP and Interconnector Greece-Bulgaria Sign MoU on Technical Cooperation

The Trans Adriatic Pipeline AG (TAP) and Interconnector Greece-Bulgaria (ICGB) signed a Memorandum of Understanding and Cooperation (MOUC) to establish technical cooperation in order to further develop strategic infrastructure in the region.   ICGB is a joint company between Bulgarian...

Eastern Mediterranean Gas: Economics First, Then Politics

The keynote opening speech of the 2nd Annual Frankfurt Gas Forum in Germany was made by Matthew Bryza, former US Deputy Assistant Secretary of State. Mr. Bryza gave a wide-ranging tour of Europe's energy security scene and offered his perspectives on energy projects involved in the Southern...

Changing Tides for East Med Natural Gas

Ongoing political, diplomatic and corporate developments with regards to Eastern Mediterranean natural gas reserves are taking yet another turn with obvious signs of a shift in Israel’s policy towards Turkey, amidst intense geo-economic antagonisms by various regional and global players. Recently...

Constructive Meeting Between Russia and EC, Says Almunia

Three steps forward, three steps back in the past day for the relationship between Russia and Europe. On the one hand, the bilateral agreements signed by Gazprom with Bulgaria, Serbia, Hungary, Greece, Slovenia, Croatia and Austria are in breach of EU law, said the European Commission. On the other...

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