ANKARA—Turkey has not been immune from skyrocketing energy costs, driven by pandemic-induced supply disruptions and the effects of the Russia-Ukraine conflict. The government recently raised domestic energy prices for the fourth time this year in a move expected to exacerbate the country’s already soaring inflation rate.
But the situation isn’t as dire as that now seen in Europe, which faces the specter of crippling energy shortages following Russia’s recent closure of its Nord Stream pipeline.
“Turkey is certainly struggling with soaring energy prices,” Mehmet Ogutcu, head of the London Energy Club, a UK-based think tank devoted to energy issues, told The Epoch Times. “But Europe is facing a critical lack of supply and is set to face a very tough winter.”…