The Gas Pandemic in the Eastern Mediterranean Region

Abstract

The article deals with the role of hydrocarbon resources in the Mediterranean Sea. The discovery of oil and gas deposits in this region in recent decades has significantly increased its role in the energy security of Europe. Due to the transformation of the world energy map, the Mediterranean region has been the focus of attention of many European states. At the same time, a large number of projects on promising fields, as well as the laying of new oil and gas pipelines have been developed. The implementation of many pipeline projects can dramatically change the European gas market, which is of great interest to many countries In addition, the European gas market is under extreme pressure because of the supply of liquefied natural gas, and its volume is gradually increasing. This means that in the long term the development of hydrocarbon resources can significantly enhance the role of the Mediterranean and affect the development of the European oil and gas market.