US EditionAsia Turns to Coal Amid LNG Supply Crisis
Asian countries cut LNG output and increase coal power amid doubled spot LNG prices and disrupted shipments caused by the U.S.-Israeli war on Iran, analysts say.
- On March 17, Reuters reported Asian utilities are boosting coal-fired power to cut costs and safeguard energy supply, industry officials said.
- Shipping disruptions have forced Asia spot LNG prices to double to three-year highs as shipping through the Strait of Hormuz has stopped and Qatar halted shipments.
- In South Asia, Bangladesh increased coal generation and imports in March, while the Philippines, Vietnam and Thailand cut LNG output and boosted coal use last week.
- Investment trackers warn that Wood Mackenzie cut its Asian LNG import forecast to about 5 million metric tons from 12.4 million, with Lucas Schmitt stating 'The conflict will significantly reduce Asian LNG demand growth in 2026' and Global Energy Monitor warning $107 billion in LNG investments could be at risk.
- Leghari told Reuters, 'With reduction in LNG generation, plants running on locally mined coal will be able to produce more during off-peak hours', supporting Pakistan's shift to domestic power sources; Reynolds said shocks refute reliance on imported fossil fuels.
18 Articles
18 Articles
Asia pivots to coal as ME conflict chokes LNG
Asian utilities are boosting coal-fired power generation to cut costs and safeguard energy supply, industry officials say, as the US-Israeli war on Iran chokes liquefied natural gas (LNG) shipments and soaring prices threaten to suppress LNG demand. Asia spot LNG prices have doubled to three-year highs in the second major supply shock in four years, as shipping through the Strait of Hormuz has all but stopped and No2 global exporter Qatar has ha…
Asia steps up coal-fired power output
SINGAPORE - Asian utilities are boosting coal-fired power generation to cut costs and safeguard energy supply, industry executives say, as the US-Israeli war on Iran chokes liquefied natural gas (LNG) shipments and soaring prices threaten to suppress LNG demand.
Asia Turns to Coal Amid LNG Supply Crisis
Asian utilities are increasingly turning to coal-fired power to cut costs and ensure energy supply amidst the U.S.-Israeli conflict affecting LNG shipments. The LNG price spike has prompted countries like Bangladesh and the Philippines to ramp up coal use, while opportunities for renewables are gaining traction.
Al-Monitor
Asia pivots to coal as Middle East conflict chokes LNG supply
By Sudarshan Varadhan, Emily Chow and Ariba ShahidSINGAPORE/KARACHI, March 17 (Reuters) - Asian utilities are boosting coal-fired power generation to cut costs and safeguard energy supply, industry officials say, as the U.S.-Israeli war on Iran chokes liquefied natural gas (LNG) shipments and soaring prices threaten to suppress LNG demand.Asia spot LNG prices have doubled to three-year highs in the second major supply shock in four years, as shi…
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