Politics clouds Turkey’s gas-to-power ambitions
Turkey’s political situation following the failed coup is expected to adversely affect the country’s long-term gas-to-power ambitions. (PA)
Market impact:
Bearish on gas and LNG prices
Turkish President Recep Tayyip Erdogan survived an attempted military coup on 15 July, but the state of emergency that followed is expected to adversely affect foreign investment in Turkey. The country’s plan to expand its power capacity was already ambitious, and its success is even less likely now.