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    The Geopolitics of East Med Gas: Hyped Expectations and Hard Realities [GGP]

Summary

The context surrounding East Med gas has fundamentally changed over the past few years in terms of the geopolitics, the gas market fundamentals, market structure, pricing structure, and the challenges facing the oil and gas industry and utilities.

by: Bassam Fattouh, Oxford Institute for Energy Studies (OIES)

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Complimentary, Global Gas Perspectives

The Geopolitics of East Med Gas: Hyped Expectations and Hard Realities [GGP]

To  appreciate  some  of  these  structural  transformations,  they  will  be  discussed  in  the  context  of Europe.  Why  Europe?  Because  the  alternative  to  Russian  supply  has  always  been  presented  as  a powerful  argument  for  East  Med  gas.  Russian  gas  is  dominant  in  central/south  Eastern  Europe. Political  arguments  against  Russian  dominance  in  gas  are  very  important  in  Brussels,  many  EU capitals,  and  the  US,  especially  in  the  current  context  of  heightened  geopolitical  tensions.  US President  Trump  has  grown  increasingly vocal  in  his  opposition  to  the  Nord  Stream  2  project  taking Russian gas to Germany and Europe, threatening to impose sanctions against the project developers. East Med  gas is  presented as one of the  ways for  Europe to diversify its supply  sources away from Russia.

This short presentation discusses the changing global context for gas markets and the impact on the development and monetisation of East Med gas reserves and the prospects for an active regional gas trade hub.

DOWNLOAD "The Geopolitics of East Med Gas: Hyped Expectations and Hard Realities," by Bassam Fattouh, Oxford Institute for Energy Studies (OIES)

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