Regionalizing East Mediterranean Gas: Energy Security, Stability, and the U.S. Role [open pdf - 3MB]
"The East Mediterranean has been witnessing an unparalleled natural resource boom since the late-2000s, when Israel, followed by Cyprus, made its first significant offshore hydrocarbon discoveries in many years. These discoveries have since proven to be substantially larger than any other resources previously explored in the East Mediterranean Sea. At the time of this writing, they consist primarily of natural gas, although liquids are expected to be discovered offshore as well, including in the potentially hydrocarbon-rich waters of Lebanon and Syria. A 2010 U.S. Geological Survey suggests the Levant basin--the area including Cyprus and Israel's offshore zones, and the offshore and some onshore territories of Syria, Lebanon, and the Palestinian Territories--could hold as much as 1.7 billion barrels of oil and up to 122 trillion cubic feet (tcf) of natural gas, leaving as much as two-thirds of the region's potential resource base still undiscovered. […] This monograph will explore the strategic consequences of recent natural gas discoveries for the East Mediterranean security landscape, through the lens of U.S. security interests in the region. It first provides an overview of recent hydrocarbon discoveries and their significance for the region's resource holders; this is followed by an exploration of the possible implications of these resources for the region's security landscape, their potential to fuel conflict, and options to foster closer regional cooperation and trade integration. We then look at the role U.S. diplomacy and military support could play to ensure continued stability, security, and regional support within the East Mediterranean's shifting geoeconomic framework."
Army War College (U.S.). Strategic Studies Institute: http://www.strategicstudiesinstitute.army.mil/