IEA: Global Coal Demand Set to Hit Record High as Iran War Chokes LNG Supply
Soaring LNG prices due to the Strait of Hormuz blockage are prompting economies to shift to alternative energy sources, pushing coal demand to a another record high this year, the International Energy Agency (IEA) said in a new report on Thursday. The surge in LNG prices have pushed markets includin
Source: OilPrice.com
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DW NOTE
The IEA projects record coal demand not because renewables failed to scale, but because LNG shipments through Hormuz have been strangled for six months. When you cut 20% of global LNG supply, you don't get a managed transition — you get India and China burning whatever's in the ground within their borders.