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Chase Winter, DW: Gas, pipeline dreams and gunboat diplomacy in Mediterranean
A spate of recent deals and gas finds in the eastern Mediterranean Sea has positioned Egypt to be a major energy hub. Turkey, which is flexing its military muscles, may be left out.
For years, there was hope that gas fields under the eastern Mediterranean Sea would usher in peace and prosperity in a volatile region. But a string of recent deals and gas finds have revealed deep geopolitical fault lines.
Since 2009, Israel, Egypt and Cyprus have made a series of large-scale gas discoveries in the Levant Basin, where the US Geological Survey estimated in 2010 that 122 trillion cubic feet (3.5 trillion cubic meters) of gas and 1.7 billion barrels of oil lie under the seabed.
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WNU Editor: Egypt and Israel are going to benefit enormously from these gas finds. Their impact cannot be underestimated.
