Since the beginning of the year, the Eastern Mediterranean has undergone two important developments that will have significant geostrategic and energy-market implications—the discovery of the third-largest natural gas resources off the south coast of Cyprus by ExxonMobil, and the creation of a regional energy forum in Cairo in January. These developments confirm that energy issues will play a bigger role in the new regional dynamics and that several protagonists will be competing to exploit these newly discovered resources.
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