TRANSATLANTIC RELATIONS AND GEOPOLITICAL FRAGILITY IN THE EASTERN MEDITERRANEAN REGION

Abstract

The landmasses of the USA and EU which are on the opposing sides of the Atlantic Ocean have come into focus once again, socially and culturally linked ideals, such asdemocracy and human rights were always the backbone in the transatlantic relationship along with the joint commitments for free-market capitalism which were entrenched within theinterests of the two major partners. The transatlantic relationship is reportedly plagued by difficulties. Since the establishment of NATO in 1949, transatlantic relationship has been at thecentre of discussions for the United States and Europe. It keeps the two regions working together to combat the challenges in the world where there are conflicts. Common Institutionsand Shared Identity are the core principles which unites the two regions. From relations with Russia and China to the policies on Iran and Syria's weapons control and climate change,transatlantic relations have arisen on world affairs today. On the other hand the geopolitical dynamics with the recent discoveries of significant natural gas deposits in the EastMediterranean region in the offshores of Cyprus, Egypt, Greece, Israel has become a hot spot for energy extraction. With the discovery of Eastern Mediterranean's natural gas fields likeTamar, Leviathan, Zohr and Aphrodite, and it has made transformative effect on the region. Energy is going to be crucial for future economic development in the Eastern Mediterraneanregion. The recent gas discoveries have been anticipated as offering an impetus for new levels of energy cooperation, as well as generating space for a larger power base and solidifyingstability in the region.Keywords: EU, USA, NATO, East-Mediterranean Sea, Russia, China, Energy, Security