Directional impact on forecast:
Downbeat on Turkish gas demand
Turkey’s deepening currency crisis has become a major hurdle to its economic growth prospects. More importantly, the weakening of the Turkish lira against the United States dollar means the country will have to pay more for its imports of gas and LNG, on which it is excessively reliant. This in turn could hit Turkish gas demand and will bolster calls for Ankara to diversify its energy portfolio away from gas more quickly.
The value of...