Conference Report: Energy Developments in South East Mediterranean
Will geopolitical obstacles prevent the Eastern Mediterranean from realising its hydrocarbon potential? How will the Syria conflict impact the East Med's exploration progress? How can the maritime border conflict between Israel and Lebanon be resolved? Is a resolution of the conflict a prerequisite for the two countries to make use of their natural gas deposits? Is the East Med under pressure to reach exploration phase before an eventual drop in natural gas prices due to an oversupply of natural gas? Is the drop in natural gas prices imminent or only theoretical? Will the US play an important role in changing the rules of the game hence affecting the East Med's ability to monetize its riches? Will the shale revolution anchor natural gas prices? Where will the East Med gas head towards? Which routes will be adopted to transport and deliver the natural gas to consumers? How can Europe contribute in supporting the Eastern Mediterranean in its path towards energy self-sufficiency/ export? Will the TAP/TANAP projects aimed at ensuring the security of natural gas supply to the European Union facilitate the transportation of East Med gas?
Crucial questions were addressed at the Energy Developments in South East Mediterranean Conference of which Natural Gas Europe was honored to be the media partner. The conference took place at the Hellenic Centre in London and was organised jointly by City University London and ESCP Europe. Dr Yiannis Maniatis, Deputy Minister of Environment, Energy & Climate Change of Greece, Mr Nicos Kouyialis Minister of Agriculture, Natural Resources and Environment of Cyprus, Mr Solon Kassinis, executive VP of the CNHC as well as representatives of both organising universities Dr Andriosopoulos (ESCP) and Dr Acroumanis (City University) brought significant insight and expertise to the conference. Representatives of Shell, World Bank, EDF Trading, HFW and Deloitte were also amongst the key speakers.