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Assessing the potential of Cyprus’ natural gas reserves : Economic opportunities and geopolitical challenges

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Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The current geopolitical dynamics are forcing countries and alliances to rethink their security strategies in order to adapt their domestic economies and policies to the changing political landscape. Among other aspects that ensure security, the creation of a stable energy market is a key issue on the European Union's agenda. The process of diversifying the Alliance`s energy suppliers has been underway for decades and has gained further momentum following the imposition of sanctions against the main gas supplier Russia due to its invasion of Ukraine in February 2022. Cypriot natural gas reserves, which were only discovered relatively recently in 2011, are one of the potential alternatives to Russian gas. However, they are not only beneficial to the international community, but also create regional economic opportunities that make Cyprus an important player in the energy market. Nevertheless, due to its strategic location, Cyprus faces challenges in the form of regional tensions and a lack of successful strategies for sustainable exploitation of resources.
Słowa kluczowe
Rocznik
Strony
17--30
Opis fizyczny
Bibliogr. 26 poz., map., wykr.
Twórcy
  • student of Lazarski University
Bibliografia
  • 1.Agdemir M., The Relations between Israel and the South Cyprus Greek Administration: A new Alignment in the Eastern Mediterranean?, “Perceptions” nr 2, volume XXI (2016), https://www.sam.gov.tr/media/perceptions/archive/vol21/20160600/Perceptions_Summer2016.pdf (access: 15.08. 2024).
  • 2.Aristeidou O., EBRD supports decarbonization of energy sector in Cyprus, “European Bank for Reconstruction and development”, June 31 2020 https://www.ebrd.com/news/2020/ebrd-supports-decarbonisation-of-energy-sector-in-cyprus.html (access: 16.08.2024).
  • 3.Central Bank of Cyprus, Foreign direct investment 2021,https://www.centralbank.cy/images/media/pdf/FDI%20report%202021_FINAL0001.pdf (access: 16.08.2024).
  • 4.Cohen G., New research: Israel can gain 100 billion shekels from gas exports to Europe, “Energy Dictionary”, May 2 2022, https://www.hebrewenergy.com/publication/new-research-israel-can-gain-100-billion-shekels-from-gas-exports-to-europe-globes-dany-zaken/ (access: 17.08.2024).
  • 5.Cropsey S., U.S. Policy and the Strategic Relationship of Greece, Cyprus, and Israel: Power Shifts in the Eastern Mediterranean, Hudson Institute, March 2015, https://web.archive.org/web/20220921200837/https://www.hudson.org/content/researchattachments/attachment/1459/2015_03_us_policyandthe_strategic_relationshipof_greece_cyprusand_israel_power_shiftsinthe_eastern_mediterranean.pdf (access: 17.08.2024).
  • 6.Delivorias A., Martini A., EU energy partnerships: Norway, “European Parliamentary Research Service”, September 2023, https://www.europarl.europa.eu/RegData/etudes/BRIE/2023/753941/EPRS_BRI(2023)753941_EN.pdf (access: 18.08.2024).
  • 7.European Commission, Cyprus, “European Economic Forecast”, Spring 2022, https://economy-finance.ec.europa.eu/document/download/e24bc7cf-ab4f-4a63-bfe2-b49a56d6b467_en?filename=ip173_en.pdf (access: 18.08.2024).
  • 8.European Public Prosecutor`s Office, Cyprus: EPPO investigates project for liquefies natural gas import terminal, July 25 2024, https://www.eppo.europa.eu/en/media/news/cyprus-eppo-investigates-project-liquefied-natural-gas-import-terminal (access: 16.08.2024).
  • 9.Eurostat, Shedding light on energy in Europe – 2024 edition, “European Commission”, 2024, https://ec.europa.eu/eurostat/web/interactive-publications/energy-2024 (access: 17.08.2024).
  • 10.Faumstmann H., Independence Postponed: Cyprus 1959-1960, “The Cyprus Review” nr 2, vol. 14 (2002), https://cyprusreview.org/index.php/cr/article/view/410 (access: 18.08.2024).
  • 11.Fylaktos N., Zachariadis T., Charalambous A., Sotiriou C., Magou A., Support to REPowerEU. Country Report. Cyprus, “Trinomics”, January 30 2023, https://www.energy.gov.cy/assets/modules/wnp/articles/202306/220/docs/repowereufinal.pdf (access: 19.08.2024).
  • 12.Kiprop J., What are the major natural resources of Cyprus?, “World Atlas”, January 2019, access: 19.08.2024 https://www.worldatlas.com/articles/what-are-the-major-natural-resources-of-cyprus.html
  • 13.Merz F., Trouble with Turkey in the Eastern Mediterranean, “CSS Analyses in Security Policy” nr 275 (2020), https://css.ethz.ch/content/dam/ethz/special-interest/gess/cis/center-for-securities-studies/pdfs/CSSAnalyse275-EN.pdf (access: 19.08.2024).
  • 14.Ministry of Agriculture, Rural Development and Environment, Copper and copper mines in Cyprus, “Cyprus Geological Survey”, 2017, https://www.moa.gov.cy/moa/gsd/gsd.nsf/All/5C2C441F6945E8B6C2258394003574EA/$file/COPPER%20AND%20COPPER%20MINES%20IN%20CYPRUS-2017%20En.pdf?OpenElement
  • 15.Nakhle C., Cyprus`s gas remains stranded, “GIS”, October 12 2023, https://www.gisreportsonline.com/r/gas-2/ (access: 19.08.2024).
  • 16.Nathanson R., Levy R., Natural Gas in the Eastern Mediterranean: Casus Belli or Chance for Regional Cooperation?, Tel Aviv 2012, https://library.fes.de/pdf-files/bueros/israel/09591.pdf (access: 19.08.2024).
  • 17.Organized Crime and Corruption Reporting Project, Cypriot auditors report to EU prosecutor irregularities plaguing EU-Funded Project, April 18th 2024, https://www.occrp.org/en/news/cypriot-auditors-report-to-eu-prosecutor-irregularities-plaguing-eu-funded-project (access: 19.08.2024).
  • 18.Reuters, Cyprus election contenders tap gas reserve potential, February 15 2013, https://www.reuters.com/article/business/energy/cyprus-election-contenders-tap-gas-reserve-potential-idUSL5N0BE78T/ (access: 15.08.2024).
  • 19.Smith H., Cyprus stresses neutrality after Hezbollah threat over Israel war, “The Guardian”, Jun 20 2024, https://www.theguardian.com/world/article/2024/jun/20/cyprus-stresses-neutrality-after-hezbollah-threat-over-israel-war (access:15.08.2024).
  • 20.Sullivan A., War in Ukraine: Why is the EU still buying Russian gas?, “DW”, April 29 2024, https://www.dw.com/en/war-in-ukraine-why-is-the-eu-still-buying-russian-gas/a-68925869 (access: 19.08.2024).
  • 21.The Council of the EU and the European Council, Where does the EU`s gas come from?, n.d., https://www.consilium.europa.eu/en/infographics/eu-gas-supply/#0 (access: 19.08.2024).
  • 22.The Cyprus Hydrocarbons Company, Licensed Blocks, n.d., https://chc.com.cy/activities/licensed-blocks/ (access: 19.08.2024).
  • 23.The Ministry of Economic Affairs and Climate, n.d., https://www.nlog.nl/en/groningen-gasfield(access: 19.08.2024).
  • 24.Ustawa z dnia 16 December 1960 r. – Treaty of Guarantee (DZ.U. 1960 nr 5475, Article I), https://peacemaker.un.org/sites/peacemaker.un.org/files/CY%20GR%20TR_600816_Treaty%20of%20Guarantee.pdf (access: 19.08.2024).
  • 25.Zaken D., Israel, Cyprus to resolve disagreement over maritime gas field, “Al-Monitor”, October 4 2022, https://www.al-monitor.com/originals/2022/09/israel-cyprus-resolve-disagreement-over-maritime-gas-field?token=eyJlbWFpbCI6ImtocnlzdHluYS5idWQ5OEBnbWFpbC5jb20iLCJuaWQiOiI1MjAyOSJ9&utm_medium=email&utm_campaign=Ungrouped%20transactional%20email&utm_content=Ungrouped%20transactional%20email+ID_34426644-6627-11ef-879c-19e18ce9fced&utm_source=campmgr&utm_term=Access%20Article (access: 19.08.2024).
  • 26.Zaretskaya V., The United States remained the largest liquefied natural gas supplier to Europe in 2023, “U.S. Energy Information Administration”, February 29 2024, https://www.eia.gov/todayinenergy/detail.php?id=61483 (access: 19.08.2024).
Uwagi
Opracowanie rekordu ze środków MNiSW, umowa nr POPUL/SP/0154/2024/02 w ramach programu "Społeczna odpowiedzialność nauki II" - moduł: Popularyzacja nauki (2025).
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-5eeba01e-a8b3-467d-92e3-aef25f3d5e17
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