Asian utilities are boosting coal-?red power generation to cut costs and safeguard energy supply, industry of?cials say, as the US-Israeli war on Iran chokes lique?ed 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 No 2 global exporter Qatar has halted shipments. In South Asia, Bangladesh is increasing coal power generation and coal-?red power imports in March, daily government data shows. Pakistan, meanwhile, aims to further boost power generated from domestic sources after solar additions helped it avoid a repeat of the LNG supply volatility behind widespread outages following Russia’s 2022 Ukraine invasion, Power Minister Awais Leghari said.c