Page 16 - AsianOil Week 44 2020
P. 16

AsianOil                                    GUEST COMMENT                                            AsianOil




                                                                                      Syria
                                                           Nicosia         Baniyas
                                                Cyprus                                 Homs

                    Gas fields
                                                                           Tripoli
                    Oil fields

                    LNG Refinery                                      Beirut
                    Port                                              Lebanon
                                                     Aphrodite
                    Pipeline                                                      Damascus
                    Planned Pipeline                               Tamar
                    EEZ Border            Zohr
                                                        Leviathan
                                                                   Tel Aviv
                   Raven
                                                                                    Amman

                                                                     Ashkelon

                        Idku        Damietta                 Arish  Israel       Jordan
       Will Turkey and Greece fight a
                                                Port Said
                                                Suez Canal

                                      Cairo
       war over East Mediterranean gas?
                                     Egypt
                                                                           Aqaba
                                                                  Taba
            100km

          100miles
       GUEST COMMENT     IN early October the President of the European  is a good place to start.
                         Commission, Ursula von der Leyen, threatened   Two islands, one large, one tiny, prevent
                         Turkey with sanctions if the latter continued to  Turkey’s EEZ from including the northern half
                         take “unilateral action” in the Eastern Mediterra-  of the East Med Basin. The larger, Cyprus, sits
                         nean. The Commission does not move fast and  100 km south of Turkey and interrupts Turkey’s
                         so Turkey’s behaviour between now and the end  ownership of the eastern half of its littoral. With
                         of the year will receive a leisurely review, proba-  Cyprus where it is, Turkey’s EEZ only extends 50
                         bly by March 2021.                   km south of the Turkish coast and then stops.
                           The unilateral actions which prompted the  Cyprus owns everything south of that (subject
                         President’s threat were inspired by four complex  to an argument, discussed below).
                         and interrelated Turkish problems, two of which   The smaller island, the Greek territory of Kas-
                         turn on the very likely presence of large gas  tellorizo, is a minute speck of land 2 km off Tur-
                         reserves in Turkey’s southern littoral. The third  key’s south coast about midway between Cyprus
                         problem is ownership of improbable marine  and Rhodes. A simple view (and the Greek view)
                         resources in the Aegean (well explored, fished  of EEZ definitions would give this small chip of
                         out long ago and of little commercial value),  Greece a large triangular EEZ to its south, and
                         while the last one is not an energy problem at all,  would transfer some 40% of Turkey’s continental
                         but is no less painful for Turkey. All four prob-  shelf to Greek ownership. I call this the Kastello-
                         lems are governed by International Law, and that  rizo Triangle.™

                                         READ THE REST OF THE ARTICLE HERE

                         THIS article is from NewsBase, which produces weekly reports daily on developments in the global
                         power and oil & gas sector.
                         NewsBase  produces over a dozen newsletters that cover the energy sector in all the major geog-
                         raphies of the world. A premium service, you can take a free month’s trial by sending an email
                         to sales@newsbase.com.
                         Or get a taste of our coverage by signing up to NewsBase’s FREE NRG Oil & Gas: Editor’s Picks
                         weekly digest of the best stories on the NewsBase site from each region. Register for the FREE
                         digest here.



       P16                                      www. NEWSBASE .com                      Week 44   05•November•2020
   11   12   13   14   15   16   17   18   19   20