The Viability of a Mediterranean Energy Hub and the Interests of European Union and Russia; Common or Conflicted?
| Autor: | P. Pelagidis, A. M. Stratakis |
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| Rok vydání: | 2020 |
| Předmět: | |
| Zdroj: | Journal of Law and Administration. 15:69-91 |
| ISSN: | 2587-5736 2073-8420 |
| DOI: | 10.24833/2073-8420-2019-4-53-69-91 |
| Popis: | It has been a decade since the Southeastern Mediterranean region came to the forefront after the discovery of significant gas deposits in offshore fields located within the Exclusive Economic Zones (EEZ’s) of Egypt, Cyprus and Israel. Gradually, the region drew the attention of major oil companies (Total, Statoil, ENI, Exxon Mobil, BP, Rosneft Qatargas) who proceeded in a series of drilling operation projects in order to share the exploitation of the potential regional gas deposits with the involved countries in the future. Τhe aim of this paper on the first level, is to investigate the viability and competitiveness of a forthcoming energy hub in Southeastern Mediterranean, its role and the inevitably fierce competition by other well-established or emerging gas producing areas. In this task, there are a number of direct and indirect parameters that need to be taken under deep consideration. For example, the dominant options of implementing a Mediterranean energy hub, translated into the construction of the EastMed Pipeline or the promotion of an LNG Terminals Network respectively. On the second stage the paper examines and evaluates the interests of European Union and Russia in terms of energy demand and supply. Undoubtedly, the European Union is reconsidering its energy policy, seeking to enhance its steady gas supply by implementing a strategy of diversification in counterparts, routes and sources. On the other hand, Russia’s energy policy is aiming to raise market share and global influence. Is there any common ground? |
| Databáze: | OpenAIRE |
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