Cheaper Coal Could Make Turkey Europe’s Largest Coal-Burning Nation ...Middle East

OILPRICE - Economy
Cheaper Coal Could Make Turkey Europe’s Largest Coal-Burning Nation
source : OILPRICE ( Middle East ) () 29
Cheaper coal compared to natural gas is set to make Turkey the biggest coal-burning nation in Europe this year, surpassing Germany, according to data by environmental think tank Ember cited by Reuters’ analyst Gavin Maguire. Runaway inflation in Turkey and the devaluation of the Turkish lira in recent years have raised the amount of money the country needs to spend to import fuels, including LNG and natural gas. Turkey’s LNG imports dropped in 2023 by 8.2% compared to the previous year and stood at their lowest level since before the…

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