Written by 12:21 pm Europe Economy

Gas-starved Europe’s revival of coal plants spells bad news for India



This week, the chief of the Indonesian Mining Association said Indonesian miners expect Germany will be their third largest importer by 2023, just behind China and India. The over 150 per cent rise in prices of the fuel across since January this year – a fallout of the gas supply crisis after Russia invaded Ukraine, has made this seemingly absurd ranking possible. More to the point, it has implications for India, which has been an increasing net importer of in recent years.



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First Published: Fri, September 16 2022. 17:51 IST

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