Oil and Natural Gas, Water Demarcation, and Electrification on the Mediterranean

Abstract

The Eastern Mediterranean countries exhibit diversity in religion, culture, politics, and economy, amid rapid and dynamic regional developments shaped by global polarization and the international security landscape, rendering future prognostications challenging. This chapter delves into the realms of oil and natural gas production, the influx of multinational corporations, water boundaries, and renewable energy vis-à-vis fossil fuels in the Eastern Mediterranean, elucidating the realities of cooperation and competition within the region. Analysis of cooperation and competition dynamics is imperative for comprehending the tensions among states. Enhanced cooperation between states may lead to mutual benefits, such as increased oil and gas prices favoring their partnership, while any escalation in competition can swiftly be perceived as a threat, exacerbating tensions. The desirability of such cooperation or competition in the international political economy remains subject to ongoing debate.

Citation

Jabbar, B.J. (2024), "Oil and Natural Gas, Water Demarcation, and Electrification on the Mediterranean", Deciphering the Eastern Mediterranean's Hydrocarbon Dynamics: Unravelling Regional Shifts, Emerald Publishing Limited, Leeds, pp. 29-40. https://doi.org/10.1108/978-1-83608-142-520241003