As nations continue to wrangle over the control, development and transportation of Caspian basin oil and gas resources, recent new discoveries in the Eastern Mediterranean Sea have raised the potential conflict level between governments, corporations and other relevant parties. But the discovery of what appear to be substantial natural gas deposits, also presents great opportunity.

“There was some concern a number of months ago about these gas finds off the southern coast of Cyprus… now the US would have to have more of a naval presence in the Eastern Mediterranean in order to de-conflict these forces..,” Steven A. Cook, Council on Foreign Relations’ Hasib J. Sabbagh Senior Fellow for Middle Eastern Studies told journalists at a recent roundtable for select media. Keep reading →