İbrahim S. Arınç

The exportation of groundbreaking Eastern Mediterranean (EastMed) gas resources will only be possible as a result of full regional stabilization and the peaceful resolution of all geopolitical hotspots. Ongoing tensions and chronic conflicts between individual players in the basin have resulted in economical depreciation. The general nature of the EastMed basin: small-scale, isolated reservoirs scattered around the world-class Leviathan field, require international investments, cost-effective solutions and widespread cooperation in order for the interconnection and commercialization of the sources to be achieved. Cross-border and basin-wide upstream investments and a new unified marketing model for EastMed gas via the most feasible way, i.e. the Turkish Gas Market, stands to be one of the most important energy and geopolitical successes of the last few decades.

Energy security, at the heart of energy policy, has become central to the dynamics of international relations. Political turmoil has overwhelmed many oil and gas producing countries, forcing them to adapt their national energy policies according to this continuous change. Specifically, because of the wars and instability in the Middle East and the Ukrainian crisis, global energy security is no longer guaranteed.