The Eastern Mediterranean’s hydrocarbon reserves could transform the region into one of the world’s most important sources of natural gas over the coming decades. These vast deposits of natural gas have the potential in see billions of dollars deposited into the treasuries of regional states. As a result, tensions are rising in the Eastern Mediterranean and the potential for conflict has increased as new alliances and partnerships are forged. As it stands today, stability in the Eastern Mediterranean is being undermined by states who have chosen to adopt an aggressive foreign policy stance in the region. Greece, the Greek Cypriot administration, Egypt and Israel have sought to isolate Turkey. To avert such a scenario, in November 2019, Turkey and Libya’s UN-backed Government of National Accord (GNA) signed an agreement on maritime boundaries, enabling both Turkey and Libya to preserve their rights and interests in the Eastern Mediterranean. Over the past few months, there has been significant change on the ground in Libya. The GNA, with considerable help from Turkey, has broken the siege of Tripoli by warlord Khalifa Haftar and his self-declared Libyan National Army (LNA), backed by the United Arab Emirates, Egypt, Russia and France. Recently, the UN-backed government and the rival Tobruk based parliament (HoR) in eastern Libya agreed on a ceasefire to create a space for a return to the political process. The Ceasefire call is a significant step; however, significant obstacles remain.