Global Coal Demand Rises as LNG Shortage Deepens
Liquefied natural gas flows from the Persian Gulf are still over 75% lower than they were before February 28th. Yet heating demand is rising ahead of winter. In Europe, the November natural gas benchmark contract is trading at over 81 euros per MWh. In Asia, the spot market LNG price topped prices f
Source: OilPrice.com
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DW NOTE
The Hormuz closure knocked out 20 million barrels per day of oil flows — roughly a quarter of global supply — so coal demand isn't rising, it's being conscripted. When LNG can't move and crude is rationed, utilities burn whatever's left. This isn't an energy transition, it's a forced regression to the dirtiest baseload available.