Directional impact on forecast:
Bullish on LNG prices
Turkey is on the verge of importing LNG using an FSRU after the country received its first floating facility at the Port of Izmir in December. The move exemplifies Turkey’s effort to diversify its sources of gas supply, even though its existing gas and LNG import capacity is underutilised. The strategy is also different from that adopted by countries such as Egypt, which sees FSRUs as a short-to-medium-term solution until domestic gas production recovers.
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