After years of activity accompanied by little action, 2016 has the potential to turn out to be the year of decisions for the Eastern Mediterranean natural gas industry. And, if I ignore for the purpose of this article the climate surrounding the global energy markets, then the most dominant forces, which can either accelerate the industry’s development or halt it for a decade or two, are currently the geopolitical ones.
How will Israeli relationships with Egypt from the south and Turkey from the north develop? Will the reunification of Cyprus come to pass? Will Turkey and Russia clash again or will their relationship stabilise on a new low? What are Russia’s motives in its presence in Syria? And what are the implications for natural gas production in the East-Med?
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