Natural gas discoveries in the offshore Eastern
Mediterranean have been the source of
regional geopolitical reshuffling. The purpose
of this paper is to provide an analysis of
implications of those changes on the Cyprus
problem. The paper is composed of two main
parts. The first part provides an exploration
of historical development of hydrocarbon
exploration activities in the offshore Eastern
Mediterranean. While doing so, a special
emphasis has been given on the cases of
Israel and South Cyprus. Furthermore, an
analysis of the possible export options for the
regional potential is provided. The second
part of the paper dwells on the implications
of all these developments on the negotiation
process towards the resolution of the Cyprus
problem. It is argued that during the last
decade hydrocarbon exploration activities by
the Greek Cypriot Administration have had a
negative effect at the negotiation table.