THE IMPORTANCE OF SOUTHEAST MEDITERRANEAN NATURAL GAS RESERVES TO EU’S ENERGY SECURITY; A GEOPOLITICAL AND ECONOMIC APPROACH

Antonios STRATAKIS

PhD Candidate, University of Piraeus – Department of Maritime Studies,

stratakismaritime@gmail.com

Theodore PELAGIDIS

Professor of Economics, University of Piraeus – Department of Maritime Studies, Deputy Governor – Bank of Greece, pelagidi@unipi.gr

Tpelagidis@bankofgreece.gr

Abstract

It has been more than a decade since the Southeast Mediterranean region came to the forefront after the discovery of significant gas reserves in offshore fields located within the maritime territories of Egypt, Cyprus and Israel (Levantine Basin). Gradually, the region drew the attention of major oil companies (Total, Statoil, ENI, Exxon Mobil, BP, Rosneft Qatargas) which intensified their drilling operation activities; aiming to share the exploitation of the potential regional gas deposits with the involved countries in the future. Τhe aim of this paper is to investigate (a) the economic impact of these discoveries on the countries concerned, (b) what role can these discoveries play in EU’s energy plans, given the stated policy to reduce dependence on Russian supplies and (c) the implementation of a forthcoming energy hub in Southeast Mediterranean region, its viability and competitiveness towards other well-established or emerging gas producing areas. Finally, the paper examines the conflicted interests of European Union, Russia and USA in the energy equation of the region.

Keywords: Energy Corridors, Pipeline Networks, EastMed Project, LNG Terminals, Southeast Mediterranean

JEL classification: F10, F51, R41, R42, R48

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BDI’s CORRELATION WITH LEADING ECONOMIC INDICATORS

Theodore PELAGIDIS

Professor, University of Piraeus & NR Senior Fellow, Brookings Institution, US. 21, Lambraki Ave.,GR-18533

pelagidi@unipi.gr

Evgenia TSAHALI

University of Piraeus,

evgtsahali@yahoo.gr

Abstract

The aim of this paper is to investigate the correlation between the Baltic Dry Index (BDI) and certain leading economic indicators. We follow a different path than the existing literature follows. In particular, using a multi-linear regression method and defining the BDI index as a dependent variable, we seek to determine the multiple relations of the independent variables regarding the BDI value. We are looking at whether the BDI is a representative indicator not only for the shipping industry itself, but also for the whole economic and financial environment in which the shipping industry operates.

Keywords: Transportation Economics, General Financial Markets, Financial Securities

JEL classification: R4, R42, G1

BIKE SHARING SYSTEMS AS A TOOL TO INCREASE SUSTAINABLE COASTAL AND MARITIME TOURISM. THE CASE OF PIRAEUS

Efthimios BAKOGIANNIS

Dr. Urban Planner- Transport Engineer, National Technical University of Athens

ebako@mail.ntua.gr

Avgi VASSI

Rural and Surveying Engineer – MSc Urban Planner – cPhD, National Technical University of Athens

avgi.vassi@gmail.com

Georgia CHRISTODOULOPOULOU

Rural and Surveying Engineer – cPhD, National Technical University of Athens

geo_christ@hotmail.com

Maria SITI

Rural and Surveying Engineer- MSc Urban Planner- cPhD, National Technical University of Athens

sitim.atm@gmail.com

Abstract

Piraeus is the fourth largest municipality in Greece and a port city. Piraeus port is one of the biggest in the Mediterranean, serving thousands of passengers, who use the city as a transport corridor to reach Athens. On the other hand, the harbor gives a sense of liveliness in the city, further reinforced by the advantageous geographical position, important archaeological sites and a beautiful shoreline. New perspectives are also opening up for the city due to the development of a new cruise terminal. Among the crucial challenges faced by Piraeus city is the strong car-dependency. In order to cope with this issue and related impacts, but also to reinforce traditional economic activities related to the maritime economy, the municipality has decided to re-orient its planning efforts, visioning Piraeus as a sustainable coastal and maritime tourism destination. As part of this planning goal, the promotion of cycling has been decided, by launching a Bike Sharing System (BSS), being perceived as an excellent tourist attraction along with other advantages this can bring. The paper deals with BSS planning as a smart policy that will directly benefit the local economy. It elaborates on those factors that show how and why changes occur in a city due to a BSS, how and why it is successful or not and what are its benefits but also main challenges. It also gathers knowledge from European BSS in order to embed it in Piraeus’ BSS planning effort for improving citizens and visitors’ sustainable mobility pattern in Piraeus.

Keywords: Port city, Bike Sharing Systems, sustainable mobility, sharing economy, Piraeus

JEL classification: R42
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