Energy Resources and Markets in the Eastern Mediterranean Region
This paper analyzes the regulatory frameworks that govern oil and gas offshore exploration in each of the countries in the basin. It briefly considers the potential future exploration activities of Lebanon and Syria. The paper then presents the state of the electricity sector in each country and how the new gas finds will affect electricity trends in the region. It analyzes that data in light of regional and global natural gas trends and assesses the the prospects for commercial development of the resources and their expected influence in various natural gas markets. It concludes with an assessment of likely future developments in the eastern Mediterranean region in light of the energy sector.