Browsing by Author "Karbuz, Sohbet"

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    The challenges facing Eastern Mediterranean gas and how international law can help overcome them
    (Taylor and Francis, 2021) Stanič, A.; Karbuz, Sohbet
    Enormous natural gas reserves in the Eastern Mediterranean have attracted the attention of the international energy majors. The region, however, remains one of the most under-explored and -exploited regions in the world. Numerous technical, commercial, legal and political challenges need to be overcome for these resources to be exploited and exported. This article examines the key commercial and legal challenges the region faces, and proposes possible ways to overcome these challenges by discussing the international law on the delimitation of maritime boundaries and the customary international law obligations of states in the region to resolve delimitation disputes peacefully, to make every effort to enter into provisional arrangements of a practical nature pending agreement on final delimitation and to refrain from unilaterally exploiting natural resources in disputed maritime zones
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    Key challenges facing the Eastern Mediterranean: the future of regional energy development
    (Siyaset Ekonomi ve Toplum Arastirmalari Vakfi, 2021) Karbuz, Sohbet
    This article provides a critical overview of the key commercial, technical, legal, and political challenges the Eastern Mediterranean region faces in regard to the development of its natural gas resources and proposes possible ways to overcome them. To that aim, it first gives an up-to-date overview of the upstream developments in the region. It then discusses the challenges facing the monetization of the gas discoveries by looking at both the commercial challenges hampering exploration and field development and the technical challenges involved in exporting the gas to the immediate and distant markets. While examining the legal and political challenges related to maritime delimitation and political alignments, it highlights the role of gas. Finally, it offers some possible ways to overcome those challenges.