Hydrocarbon exploration by neighboring countries in the Mediterranean has led to increased tensions in recent years.
Oil and gas research in the Eastern Mediterranean, particularly around the island of Cyprus and in certain other locations, is of huge importance for these neighboring countries in terms of energy security.
On the other hand, Turkey’s recent oil and gas research activities in the Eastern Mediterranean have put the region’s energy equilibrium on the agenda of actors actively operating there.
In this context, top global energy companies arrived in the region and began competing with one another to obtain their share of energy research and transfer projects, which are expected to be worth billions of dollars.
Agenda Item: Tension in Eastern Mediterranean.