Developing Gas Trading Hub in Eastern Mediterranean Region: Requirements, Challenges and, Changes

Author

faculty of african studies

Abstract

The paper aims to analyze the geographical and market requirements for selecting the appropriate location and site for the regional gas trade hub, Determine the international and regional challenges facing the establishment of a regional gas trading hub in the Eastern Mediterranean, Predict the changes that will occur when the regional gas trading hub in Egypt emerges.
The study was based on Global Commodity Chains GCCs methodology that examines the role of Local, Regional and Global Connections in the emergence and development of Gas Trade Hubs. And based on TOPSIS (Technique for Order Preference by Similarity to Ideal Solution).
The study concluded by outlining a set of geographical and market requirements that must be met to develop a gas trade Hub in the Eastern Mediterranean. The investigation revealed that the countries of Italy, Egypt, and Turkey are the most ideal locations for the concentration of the gas Hub, respectively. The weights research also revealed that Idku, Damietta, and Port Said are the most important sites in Egypt.
The study concluded that there are economic, political, environmental, and technological obstacles to developing of the gas trade Hub, and that gas production and trade in the eastern Mediterranean will result in significant changes in gas producing regions, infrastructure, networks, markets, and regional development.

Keywords

Main Subjects

Files

Share

How to cite

Statistics