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The South-East Energy Corridor Connecting Greece and Cyprus; How Feasible, how Viable?

Stratakis, Antonios and Pelagidis, Theodore (2018): The South-East Energy Corridor Connecting Greece and Cyprus; How Feasible, how Viable? Published in: Eastern Mediterranean Geopolitical Review , Vol. 3, (2018)

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Abstract

The aim of this paper is to investigate both the feasibility and the viability of the prospective South-East Energy Corridor and the cumulative effects for the region and the countries involved. In less than a decade the Southeastern Mediterranean is at the center of the global oil industry's concern by shaping new geopolitical balances due to new potential reserves in the EEZ’s of Cyprus, Israel and Egypt. The paper focuses on the positive effects from the development of a South-East Energy Corridor that directly connects the East Mediterranean resources to Greece via Cyprus and Crete with both short term and long term benefits. This is translated into returning of the lost Markets’ trust, especially in a region that has been under European financial supervision in the previous years, as it refers to Greece and Cyprus. In the long term, the Project will enable the development of an Energy Cluster in the South-East Europe targeting at the exploitation of natural resources, providing geopolitical sustainability at the same time.

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