Oil & Gas Prediction 2015 #5 - Militarisation of the Med

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Tim Haïdar


This year we will likely see a stand off in the Mediterranean centred on disputed natural gas reserves in the Aegean and Levant. Fractious relations between cash-strapped Greece and Turkey and Lebanon and Israel could be further be inflamed when trillions of cubic feet of natural gas and tens of billions of barrels of untapped oil reserves are thrown into the mix. Expect a more Westernised and smaller-scale version of the South China Sea dispute, played out by the worst of neighbours.