Asia Burns More Coal as Middle East War Sends LNG Prices to 3-Year Highs

Asia Burns More Coal as Middle East War Sends LNG Prices to 3-Year Highs

Coal is back with a bang in Asia’s power generation, as countries scramble to contain the LNG supply shortage due to the war in the Middle East. Coal hasn’t really left most Asian economies, which rely on the fuel for much of their power generation. Amid the squeeze of natural gas supply due to the de facto closed Strait of Hormuz and the sky-rocketing LNG prices that few buyers in Asia can afford, nations are scrapping previous restraints to th…

Asia turns back to coal as Iran war bites

ASIAN economies are ramping up coal consumption and production as the US-Israel war against Iran threatens prolonged disruption to Middle East oil and gas flows, raising fears of an extended regional energy crisis, said the Financial Times. The Strait of Hormuz, through which much of Asia’s liquefied natural gas passes, has slowed to near standstill since strikes on Iran began, sending oil and gas prices soaring, the newspaper said. Thermal coal…