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East Mediterranean Gas: a triangle of interdependencies
How the geopolitics of the East Med will appear once current hostilities have ended, whenever and however that might be, is impossible to judge. But outside the geopolitics there is a substantial functioning gas industry and important flows of gas within this region. Israel and Egypt are both substantial gas producers and consumers, Cyprus is trying to plot a gas development path, which at present almost certainly means exports to Egypt. So far gas production and gas flows in the region have not been greatly affected by the hostilities: it has been largely business as usual, with Israel’s production and exports ... (full story)