Striving to extend its influence in the eastern Mediterranean where tensions revolve around energy resources, Turkey sees Cyprus as the weakest link in a regional alliance buffering Ankara's ambitions, analysts told AFP.
The European Commission has said the EastMed natural gas pipeline deal signed by Cyprus, Greece and Israel yesterday (2 January) is a “welcome development” but insisted on exploring further the cost-benefits of the different options.
The Greek government said Sunday (22 December) it will sign an agreement for a huge pipeline project with Cyprus and Israel next month that is designed to ship gas from the eastern Mediterranean to Europe.
Most oil and gas experts agree that the East Med Pipeline Project is a pipe dream that cannot compete with cheap Russian gas. But America’s enthusiastic support for it is more about a re-alignment of alliances, and securing energy supply, writes Nour Samaha.
Israel is moving quickly with the help of the US in a bid to transform Europe’s energy market. But geopolitics – and a large dose of local activism – could change the economic calculation for the EastMed pipeline, writes Joseph Dana.
The discovery of massive natural gas fields off Israel’s northern coast more than a decade ago and subsequent attempts to export this gas to Europe have highlighted the true fault lines in the Turkish-Israeli alliance, writes Joseph Dana.
The need for fast, accurate and balanced information is always important. We value EURACTIV's good, independent journalism and support this initiative
Mella Frewen, Director General of FoodDrinkEurope
EURACTIV plays a vital role in bringing Europe closer to its citizens. EURACTIV has long recognised that the story of Europe has to be told across the continent, and not just in Brussels. We need to support a truly European and informed debate.