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The repercussions of the Gaza events on security and energy supplies in the Mediterranean

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The repercussions of the Gaza events on security and energy supplies in the Mediterranean

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Prepared by: Research and Studies Department at Saif Bin Hilal Center

Abstract:
The global oil and gas markets are witnessing fear that oil supplies and supply chains will be subject to shortages. This resulted from the continuation of the conflict in the Middle East and the Israeli war in the Gaza Strip, which began to cast a shadow on oil prices.

Oil markets have witnessed a rise in the current period, and the energy sector is one of the most important indicators that will be affected by the region in the event of a broader conflict erupting in Gaza, in addition to some of the repercussions that the region will pay, and it was discovered Natural gas losses take place in the eastern Mediterranean region, and have attractive prospects. Especially with Israel increasing its production of natural gas from 16.1 billion cubic meters in 2020 to reach 21.92 billion cubic meters in 2022.