The newly discovered gas sources establish a political and economic ground for the formation of regional and global alliances in the Eastern Mediterranean. Although these new discoveries have the potential to alter the functioning of po litics and the economy, current and past controversies,...

This article studies the likely impact of unconventional gas developments in the US on EU competitiveness. We find, first of all, little evidence for a prosperous unconventional gas development in Europe. Second, the US boom has already a strong impact on both world and European energy markets....