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Energy/Eastern Mediterranean – Energy: Factor of Stability or Conflict in the Eastern Mediterranean? (ELIAMEP)

Marika Karagianni writes:

  • Security of critical economic and energy infrastructure has become a key element in the agenda of both the EU and NATO.
  • The global balance between energy producers and energy importers needs also to be respected in order to secure the smooth operation of global economy and trade. Global energy organizations like OPEC and GAS OPEC see to that.
  • Constructive, multilateral energy diplomacy via the reinforcement of the EMGF (East Med Gas Forum) is considered as the optimum solution to any destabilizing factor in the region.
  • The Eastern Mediterranean has the potential to become a gas supply source for the EU in the future, alternatively to Russia, which is why it has been identified by Brussels as a future gas diversification source.
  • The official strategy of Cairo is to develop indigenous natural gas resources, with the double aim to increase gas production rates and to export significant amounts to Europe in the immediate future.
  • Egypt is bound to lead gas exports of the Eastern Mediterranean countries and diversification for Europe, through its LNG terminals. The East Med pipeline could follow later on.

go to ELIAMEP: Energy: Factor of Stability or Conflict in the Eastern Mediterranean? – Marika Karagianni : ΕΛΙΑΜΕΠ (eliamep.gr)