The Eastern Mediterranean region has recently emerged as one of the pivotal foci of international affairs due to its considerable natural gas reserves. The region has become a point of intersection for surrounding countries and external actors, as well as major energy market players. The main challenge associated with Eastern Mediterranean natural gas is the position of the reserves in the Mediterranean Sea and the resulting ownership problem among its littoral states, while the de facto division of, and disputes over, the island of Cyprus is closely connected to the issue. Hence, the debates involve two key questions: (1) which countries have ownership rights, and (2) which countries will be the natural gas transit countries. This article examines the standpoints of Turkey and the other actors involved in the game in the Eastern Mediterranean. The positions are presented with a focus on how different actors interpret current developments, perceive threats, and formulate their reactions.