The War in Gaza and the Implications for Energy in the Eastern Mediterranean

EXECUTIVE SUMMARY: The war with Hamas in Gaza and the clashes in the north against Hezbollah are inevitably affecting both the regional and global energy markets. Uncertainty is not good for economic markets, especially the energy sector. There have not yet been significant increases in oil prices, and natural gas prices have risen only marginally – but no major new deals are being made because the global energy market is waiting and watching, or showing “cautious nervousness.” This is mainly because there are still high quantities of gas available in the market. Europe has managed to overcome the lack of gas from Russia with supply from other sources (mainly liquified gas from the US and elsewhere), and European emergency stores are almost completely full.

 
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Πηγή: besacenter.org