• Global Gas Analytics
  • Analysis & Forecasts

Middle East & Africa Consumption

December 2018

Turkey’s weakening gas demand will moderate growth in the fuel’s consumption in the Middle East and Africa.

Turkey’s currency problems are fast becoming a fully fledged economic crisis, and the impact is evident on gas demand. The IMF expects Turkey’s GDP to expand by 3.5% on an annual basis in 2018 and by 0.4% in 2019. This compares with growth of 7.4% in 2017. Turkey consumed 32.2 billion cubic metres of gas in the first eight months of 2018, which was a year-on-year fall of 7.4%....