Big Oil Looks to The Eastern Mediterranean as Replacement for Russian Gas

Ever since Russia invaded Ukraine on 24 February 2022, the U.S. and its key North Atlantic Treaty Organisation (NATO) allies have looked to new sources of gas supply to allow the security group to phase out all such supplies flowing into Europe from Russia. The key reasons for this are still intact, but with Donald Trump beginning his second term as U.S. President on 20 January, this part of the multi-pronged strategy to further diminish Russian influence in Europe is set to pick up pace. It is also a key part of the new Trump Presidential Administration’s…