DecryptionThe discoveries of gas fields since 2009 have heightened tensions between Cyprus, Greece and Turkey, which were very high during the summer. But the exploitation of hydrocarbons also triggered discreet cooperation between Egypt and Israel.
Take a place torn with military tensions, add a strong smell of gas: there is a good chance that the situation will escalate. It also happens that pragmatism prevails over old antagonisms. In all cases, the presence of hydrocarbons is likely to upset the situation … The discoveries, since 2009, of gas fields in the eastern Mediterranean could have been a blessing for this tormented basin. Are not the estimated reserves there comparable to those of extremely wealthy Norway? ” [Ces] discoveries have the potential to change history, wrote, in 2013, the former German Secretary of State for Defense Friedbert Pflüger, then director of the European Center for Energy and Resource Security (Eucers) at King’s College London. They could bring prosperity to Israel, Cyprus and Turkey, or plunge the region, already in the grip of the Turkish-Cypriot conflict and the war in Syria, into an even deeper crisis. “
The development of deep or very deep water drilling technology, combined with the tenacity of a handful of oil and gas companies, has made it possible to reach these hitherto unexplored areas. However, the effective – and very costly – exploitation of these deposits will be based above all on the establishment of delicate geopolitical balances in this area ranging from Cyprus to Egypt, via Lebanon, Israel and the Palestinian territories.
Ankara’s Strokes
It is the name of the Greek goddess of love who was chosen to name the natural gas field discovered in southern Cyprus in 2011 by the Texan oil group Noble Energy. After “Aphrodite”, the irresistible nymph “Calypso” emerged, the name given to another exploration block drilled by the Italian group ENI, with the support of Total and the American ExxonMobil. These fields may well be promising, their massive exploitation is not about to begin off this split island, since the Turkish invasion of 1974, between a southern entity, member of the European Union (EU), and an entity north recognized by Turkey alone. Optimistic spirits – and oil companies – however hoped that the prospect of enrichment would encourage the two parties to reach an agreement, after the failure of the last referendum, in 2004, on the reunion of the island.
“Turkey has not found any significant reserves in its waters. So it seeks to expand its EEZ, in the hope of finding hydrocarbons, and to maintain its regional influence. »Alessandro Bacci, consultant at IHS Markit
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