Turkey reignites East Med boundary dispute
A new deal heats up simmering clash over exploration rights
Eastern Mediterranean gas exploration is facing a new crisis after Turkey announced it will search for hydrocarbons in disputed waters off Libya. Turkish president Recep Tayyip Erdogan announced the exploration in mid-October, following a controversial memorandum of understanding (MoU) signed with Libya’s Government of National Unity (GNU) earlier in the month. The MoU paves the way for Turkey’s state-owned TPAO to begin both seismic surveys and drilling in Libyan waters, including areas also claimed by Greece and Egypt. Days after the MoU was signed, Greek and Egyptian foreign ministers met in Cairo to issue a joint protest. “This agreement threatens stability and security in the Mediterran
Also in this section
7 November 2024
The move could have major ramifications for the LNG sector
6 November 2024
The crumbling of the country’s postwar political consensus may bolster the country’s LNG demand outlook by stymieing planned nuclear restarts
5 November 2024
Mongolia hopes to launch its first refinery within two years as it seeks to free itself from Russian dependence, while a similar plant in Tajikistan remains inactive six years after its completion
4 November 2024
The country’s offshore basin remains highly competitive and attractive to IOCs, despite the presence of some geological challenges