Foreign media: The Asian energy landscape has dramatically reversed due to the US-Israel-Iran war, with countries abandoning liquefied natural gas (LNG) and turning to coal.
Shipping through the Strait of Hormuz has nearly come to a standstill, and the world's second-largest exporter Qatar has stopped supplying, causing the spot price of liquefied natural gas (LNG) in Asia to double and reach a three-year high, marking the second major supply shock after the Russia-Ukraine conflict in 2022.
In South Asia, Bangladesh has increased coal power generation and imports since March; Pakistan's Minister of Power stated that they will cut LNG power generation and increase domestic coal production to avoid supply fluctuations.
South-east Asia is also shifting. The Philippines has significantly reduced gas power generation, while Vietnam's Electricity of Vietnam Group is urgently negotiating coal supplies, and Thailand has activated its largest coal-fired power plant to ensure supply.
This "regression" in energy highlights the severe impact of geopolitics on the transition to clean energy.
Original article: toutiao.com/article/1859924801967175/
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