As a result of the disruption to LNG shipments from the Persian Gulf, Asia, in particular, is moving to energy security through coal.
Coal is the giant on the block, and always has been.
https://tradingeconomics.com/commodity/coal/news/531727
Coal prices climbed above $140 per ton, hitting their highest levels since November 2024 as the escalating conflict in the Middle East and resulting disruptions significantly heightened global energy supply risks.
Oil also surged above $100 for the first time since 2022 after major Middle Eastern producers curtailed output as the Strait of Hormuz remains effectively shut.
In addition, the shutdown of Qatar’s massive liquefied natural gas production has boosted demand for fuel switching in the power sector.
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