Turkey-Libya Maritime Deal Upsets Mediterranean Energy Plan [Forbes]
Liquefied Natural Ga (LNGLY)
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Source: Forbes
One year ago I wrote Leviathan gas project said While Israel’s construction of the Leviathan project has been mostly smooth, albeit lengthy, I also suggested that Turkish regional ambitions could and would complicate the situation – particularly with regard to maritime sovereignty. Turkey is now flexing its geopolitical muscle in the region, signing a highly contested maritime border delineation deal The contention stems as a result of Turkey’s invasion of Cyprus in 1974, occupation, and subsequent establishment of a de-facto state on the northern half of the island. Turkish settlers were brought from the mainland in droves. Up until now, the maritime boundary of the Turkish Republic of Northern Cyprus has not been a focal point of Turkish policy in the region. In fact, as the concept of exclusive economic zones was not codified until the early 1980’s, it was never considered as a factor during the initial takeover. This dynamic, however, is beginning to shift now as last week Israel,
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