S&P Global: New Opportunities and Energy Growth for Turkey

Statements from S&P Global Energy President on Turkey

S&P Global Energy President Dave Ernsberger made important assessments in an interview with Çağlar Kuzlukoğlu, Research Director of Bloomberg HT, in Davos. Ernsberger stated that the forecasts predicting that the U.S. tariff policies would slow down the global economy in 2025 are incorrect. "Everyone thought that U.S. tariffs would negatively impact the economy; however, we are facing a strong global economy in 2025," he said.

Electricity Demand and AI Impact

Ernsberger expressed that electricity demand is currently in an almost unmanageable state. He pointed to the integration of artificial intelligence into our lives and business processes as the cause. "As the use of artificial intelligence increases, the demand for data centers is rising, which leads to a significant increase in electricity consumption," he stated.

New Opportunities for Turkey

Ernsberger noted that the energy agenda after Davos would be reshaped, saying, "In recent years, the effects of Russian oil exports in the U.S., India, and China have been discussed. However, new opportunities may arise for Turkey after Davos. Significant developments can occur, especially in steel and scrap metals. I believe Turkey will stand out in the metal market," he concluded.