THE EBBS AND FLOWS OF EASTERN MEDITERRANEAN GAS POLITICS IN 2025

Ferid Belhaj

No 2421, Policy briefs on Commodities & Energy from Policy Center for the New South

Abstract: Geopolitical tensions and competing interests define the Eastern Mediterranean's energy landscape. Vast natural gas reserves offer economic potential, but overlapping maritime claims and ongoing conflicts—particularly the Israel-Lebanon war and the Gaza conflict—threaten existing agreements and future projects. The European Union’s efforts to reduce dependence on Russian gas initially positioned the region as a key supplier, but escalating instability now puts these ambitions at risk. Key factors include the impact of conflicts on gas exploration and exports, the roles of Turkey, Egypt, and Qatar, the influence of global powers and multinational corporations, and the uncertain prospects for regional energy cooperation.

Date: 2025-02
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