Asia Burns Coal for Gas

BangkokChina and India switched to coal and oil instead of gas.

The Hormuz war shifted the climate cost of a Gulf conflict onto Asian cities that never fought it.

Qatari and Emirati LNG can’t clear the strait, so Asian spot prices near $30 per MMBtu, up from $10 before the war.

Executives expect imports to rebound only once prices ease and the corridor reopens.

Sources: Reuters