20 Hrs
Source:
الاقتصادية
Coal's resurgence boosts energy security
The energy market has experienced a significant shift as a result of the repercussions of the Iran war. Supply disruptions of liquefied natural gas, particularly the closure of Qatar's Ras Laffan facility, have led to rising gas prices and a surge in coal demand, which is expected to increase by 70 million tons by 2026. Meanwhile, energy-importing Asian countries—especially Japan and South Korea—are turning to increased coal consumption to compensate for the gas shortages, pushing coal prices to a 19-month high and boosting imports. This comes amidst ongoing risks associated with geopolitical tensions and governments' concerns over energy supply security.
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