The Middle East war is forcing oil and gas exporters to consider alternative hydrocarbon supply routes, and Syria’s geography stands in its favor. Damascus is pitching itself as an energy corridor connecting producers in the Gulf to Mediterranean ports, Turkey and on to Europe. The US-backed vision could gain traction from producers seeking to avoid a future Iranian chokehold on their exports, combined with a desire by the US and Gulf states to keep Iran’s influence out of Syria. But translating vision into reality will be costly and difficult in a war-battered country, and sustaining momentum among US, European and Mideast investors will hinge on various factors, including when and how the war ends.
Mideast War Revives Syria Energy Hub Ambitions
US-backed plans to rehabilitate Syria have been boosted by the near-closure of the Strait of Hormuz as Mideast Gulf producers weigh alternative export routes.
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