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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
Submitted by Tsvetana Paraskova of OilPrice.com,
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...
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