Directional impact on forecast:
Downbeat for Turkey’s gas demand and imports
Turkey has sent a clear signal to gas suppliers that the share of gas in the country’s energy mix will fall in the medium-to-long term. Turkey’s gas consumption declined sharply on an annual basis in 2018, driven by cyclical factors such as the weather and the economy. Nevertheless, there are structural changes under way that are also restricting Turkish gas demand. Consequently, competition among suppliers will intensify as they strive to defend...
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