According to Gurdeniz, the EastMed Pipeline is a political project:
"The US refusal to support the EastMed project was not a surprise. Italy was the first to abandon the project. As is known, the cost-benefit analysis of the project has shown that it was not viable. The thing is that the EastMed pipeline is a political project that has nothing to do with commercial benefit. It was an anti-Turkish initiative designed to force Ankara to make concessions within the framework of its 'Blue Homeland' concept (the doctrine shaping Turkish maritime policy in the Black, Marmara, Aegean and Mediterranean seas)".
"The implementation of EastMed seemed difficult due to its very high cost. Moreover, to date, natural gas prices have increased significantly compared to the initial phase of the project. Even when gas prices were not so high, EastMed seemed an unrealistic project, but now it has become impossible. Israel is the most powerful producer in the region. The South Cypriot administration is forced to follow Tel Aviv in this matter. If an agreement between Israel and Turkey is reached, the latter has every chance of leaving South Cyprus behind. Therefore, this could be a very successful strategy for Turkey in terms of becoming an energy hub", Volkan Aslanoglu said.