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01.04.26 - 01:30
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Asia Burns More Coal As Middle East War Sends LNG Prices to 3-Year Highs (ZeroHedge)
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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 afford, nations are scrapping previous restraints to the use of coal-fired power generation.
Developed economies like Japan and South Korea are raising the use of coal-fired power generation, while developing nations China, India, Bangladesh, and most of Southeast Asia are leaning even more on coal as gas has become scarce and much more expensive.
Asian countries “are opening the tap on coal generation to help offset rising gas prices and supply risk,” Anthony Knutson, global head ...
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01.04.26 - 00:02
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ASIA BLOG: China wins while Iran burns (IntelliNews)
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The world needs a stable Asia – East and West – and would be better served by the removal of the current Iranian regime. Only in the removal of said regime will Beijing be forced back into a more constrained, less opportunistic global role....
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31.03.26 - 10:30
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Asia′s chip industry faces naphtha squeeze – and South Korea feels it the most (SCMP)
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South Korea has become a focal point of Asia's petrochemical crisis, a frontline economy suddenly forced to navigate the fallout from the Middle East turmoil while scrambling for alternatives. Its semiconductor and industrial sectors, already heavily dependent on imported naphtha, are now exposed to geopolitical shocks that are rippling across the region.
South Korea relies on imports for about 45 per cent of its naphtha demand. About 77 per cent of those come from the Middle East.
On Monday,......
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