International Conference on Eurasian Economies
11-13 June 2019 – Famagusta, Turkish Republic of Northern Cyprus
Paper properties
Paper ID : 2348
Status : Paper published
Language : Turkish
Topic : Natural Resources and Environment
Presenter: Prof. Dr. Kamil Uslu
Session : 4B Büyüme
The Evaluation of the Energy Resources of Exclusive Economic Zones in Eastern Mediterranean
Doğu Akdeniz’deki Mücavir Ekonomik Bölge Enerji Kaynaklarının AB, Türkiye ve Kıbrıs Yönünden Değerlendirilmesi
- Prof. Dr. Kamil Uslu (Doğuş University, Türkiye)
Abstract
The Eastern Mediterranean has attracted new attention on the gas potential in the world. In fact, overseas research in the eastern Mediterranean waters began in the late 1960s with a number of wells opened by Belpetco. With the overseas production of the region in recent years, it has entered the world agenda. However, these discoveries have triggered additional conflicts between the states on the establishment of sovereign rights and the limitation of the Exclusive Economic Zone (EEZ). In 2009, a large amount of energy was produced in the Eastern Mediterranean Region. The resulting supply, economic line in the westward movement, between Cyprus and Turkey, Turkey would reach out to EU countries. Arish-Ashkelon, which supplies gas to Israel, Jordan, Syria and Lebanon, has been identified as a pipeline. The other line is the Arab Gas Pipeline. The cooperation with the implementation of the line was met and accepted. But the Syrian civil war has postponed this view for now. When Cyprus joined the EU in 2004, the Sea of Levantine made the European Union a sea border for all practical purposes. In the early 2000s, Cyprus and Turkey's EU membership expectancy, could boost optimism about the possibility of a breakthrough. Turkey should not be admitted to the EU has prevented the solution of the Cyprus problem. Turkey and the Turkish Republic of Northern Cyprus (TRNC) and made clear that the agreement with the International Exclusive Economic Zone reached 200 Mile limits. The energy source derived from the region, the future of both Turkey and the TRNC will be able to improve the economic well-being. Thus, will contribute to peace in the region.
JEL codes: Q34, Q41, Q42
Uslu, Kamil (2019). "The Evaluation of the Energy Resources of Exclusive Economic Zones in Eastern Mediterranean" in Proceedings of International Conference of Eurasian Economies 2019, pp.223-234, Famagusta, Turkish Republic of Northern Cyprus.
DOI: https://doi.org/10.36880/C11.02348
