Greece's position in the energy map and especially in the Mediterranean : political and economic dimensions
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Keywords
Greece ; Eastern Mediterranean ; Energy map ; Renewable energyAbstract
Greece's strategic position in the Mediterranean grants it a significant role in the regional and European energy landscape. Politically, Greece has been instrumental in fostering energy cooperation through multilateral frameworks such as the East Mediterranean Gas Forum (EMGF) and trilateral alliances with Cyprus, Israel, and Egypt. These partnerships reinforce Greece's influence in shaping energy policies and securing regional stability amid geopolitical tensions, particularly with Turkey over maritime rights and energy exploration.
Economically, Greece is investing heavily in energy infrastructure to transform into a vital energy transit hub. Projects such as the Trans Adriatic Pipeline (TAP), the Interconnector Greece-Bulgaria (IGB), and the proposed East Med Pipeline position the country as a key link between energy-producing nations and European markets. Additionally, Greece's commitment to renewable energy aligns with the European Green Deal, further solidifying its role in the global energy transition.
Despite these advancements, challenges such as geopolitical disputes, financial constraints, and market competitiveness remain. While geopolitical competition threatens to hinder cooperative energy initiatives, Greece’s ability to navigate diplomatic challenges and promote regional stability will be critical in determining its long-term success in the Mediterranean energy landscape.
Ultimately, Greece stands at a crossroads between geopolitical rivalries and the imperative of a sustainable energy transition. By fostering collaboration, securing investment, and advancing renewable energy projects, Greece has the potential to emerge of energy security and sustainability in the Eastern Mediterranean, bridging European energy needs with regional resources while mitigating geopolitical risks.