LNG is in a mess because of the bubbles it has built up over the last 15 years. They did what bubbles did – they eventually popped. All of them. Is Turkey the next LNG bubble. LNG has never even contemplated developing its market. And it has gargantuan market potential for the mobility world. But this means boots on the ground and patient market development. It’s much easier to build up a bubble and try to hammer some contracts. After me the deluge. The misery won’t stop this way.
Turkey is moving away from Russian and Iranian gas, opting instead for U.S. LNG after Ankara clashed with Moscow over the country’s moves in Syria