Turkey's perspective on the flow of mediterranean gas
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KARA, Bestenigar, GRIBINCEA, Alexandru. Turkey's perspective on the flow of mediterranean gas. In: Accounting and Finance – the global languages in business, Ed. 5, 24 aprilie 2020, Pitesti. Pitesti: 2020, Ediția 5, pp. 12-13.
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Accounting and Finance – the global languages in business
Ediția 5, 2020
Conferința "Accounting and Finance – the global languages in business"
5, Pitesti, Romania, 24 aprilie 2020

Turkey's perspective on the flow of mediterranean gas


Pag. 12-13

Kara Bestenigar, Gribincea Alexandru
 
Free International University of Moldova
 
 
Disponibil în IBN: 4 mai 2023


Rezumat

Regardless of whether it is possible to implement the EastMed project eventually under current conditions, in the foreseeable future a new outstanding actor is expected to appear either way in the international gas arena. Accordingly it’s hard to imagine that this technologically advanced country would miss the opportunity of becoming an exporter. Morever this situation promises the country not only financial benefits but also geopolitical advantages in a pretty disturbed region. “Bets” were placed on “traditional” pipeline gas but not on LNG. Consequently the EU market is the most obvious option for precise orientation. Moreover this option is supported politically and financially by the Union itself which is also encouraged by the US known as the most important ally of Israel. On the other hand Greece playing an important role currently in the EastMed project highly needs foreign investments and new workplaces particularly in industrial sectors for European loans to the country. Several developed countries including the founding members of the EU were interested in economic prosperity of this member of Eurozone. In this sense they have been saving Greece from bankruptcy for a long time and the country has been overcoming the decade-long economic crisis with great difficulty.