Energy and Geopolitics in the Eastern Mediterranean and Greece
On July 8, 2015, The German Marshall Fund of the United States (GMF), in partnership with the Greek Energy Forum (GEF), hosted a roundtable discussion on energy and geopolitics in Greece and the Eastern Mediterranean. The event was supported by Natural Gas Europe.
Sir Michael Leigh, senior advisor to GMF, and Dr. Ian Lesser, executive director of GMF Brussels, discussed the impact of the most recent economic and political challenges in Greece and the broader region on current and future energy developments, including Southeastern Europe's role in Europe's energy security, and broader energy union efforts to connect energy systems and foster regional cooperation. The debate was moderated by George Kremlis, head of unit at the Directorate-General for Environment, European Commission.
The speakers pointed out that, in addition to declining energy prices, a number of factors could have a negative impact on long-term investments in energy infrastructure and development in the region. These challenges include a potential Grexit, the change of the political landscape in Turkey, the uncertainty surrounding the development of Israel’s offshore natural gas resources and the political instability in Egypt.
This event was part of GMF’s Eastern Mediterranean Energy Project, which addresses the political and economic implications of the discovery of energy resources in the Eastern Mediterranean region. For more information about the Eastern Mediterranean Energy Project, please contact Charlotte Brandsma in Brussels ([email protected]).