In recent years, the Mediterranean has been a hot topic in international gas markets. The latest natural gas findings in Eastern Mediterranean, according to many analysts, have the potential to transform the region and global energy markets. The transformation of Eastern Mediterranean to a natural gas province will inevitably alter the geopolitical landscape, thus creating new opportunities and challenges for each player in the region. Local economies can reap big economic benefits, once gas become commercial. Regional players from their part should strengthen the energy cooperation, which can also pave the way for a new era of economic and political stability in the Mediterranean. The aim of this thesis will be to provide a comprehensive overview on the natural gas markets and recent developments in the Mediterranean region; and to propose a critical discussion of the gas market opportunities and geopolitical risks related to the potential emergence of a Mediterranean natural gas hub.
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