The discovery of large deposits of natural gas in the eastern Mediterranean has already had a wide-ranging geopolitical impact.
Over the last two decades, a series of major natural gas discoveries in the eastern Mediterranean have had a profound impact on the international relations of the region. Even more significantly, the geologic evidence suggests that these discoveries are just the beginning of a Mediterranean-wide hydrocarbon bonanza that could significantly transform the geopolitics of the region.
Notwithstanding that the North African countries ringing the southern shore of the Mediterranean are all hydrocarbon producers, the Mediterranean region has been only lightly explored. Estimates of the region's hydrocarbon potential have ranged from North Sea-sized reserves to potentially holding as much as 50 billion barrels of petroleum, or BOP, and upward of 500 trillion cubic feet, or TCF, of natural gas...
Turkey is a logical market for east Mediterranean gas. Neither Israel, Egypt nor Cyprus, three countries with which Ankara has had particularly difficult diplomatic relations, have supported the idea...
Turkey is not a signatory to the United Nations Convention for the Law of the Sea, or UNCLOS. It therefore does not recognize the exclusive economic zones mandated by UNCLOS for maritime nations.
Is the natural gas in the Med play into the Royal Navy's tour, given that Boris Johnson said, "the deployment will show “our friends in China” that Britain believes in the “international law of the sea.
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The United Nations Convention on the Law of the Sea (UNCLOS), also called the Law of the Sea Convention or the Law of the Sea treaty, is an international agreement that resulted from the third United Nations Conference on the Law of the Sea (UNCLOS III), which took place between 1973 and 1982. The Law of the Sea Convention defines the rights and responsibilities of nations with respect to their use of the world's oceans, establishing guidelines for businesses, the environment, and the management of marine natural resources.
Natural gas: Why it’s important and what you need to know
Why Natural Gas Is The Most Important Fuel Of the Next Decade
Natural gas is considered "clean energy" and fits in with their green economic goals; and it will power the technological advancements, which require lots of energy.
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