Lured by cheap coal, Southeast Asia turns away from gas


Now, where is the phone number of my coal mine owner friend? Dateline 2013-12-09, Malaysian Insider:

Southeast Asia’s power sector will tilt away from gas to use more coal by the end of this decade, chipping away at demand for liquefied natural gas (LNG) as the region of more than 600 million people tries to cut costs to meet soaring electricity needs.

With a wave of LNG projects due to come online this decade, this shift in consumption from a region long-expected to be a key growth market could help take some of the heat out of rising Asian prices of the cleaner fuel.

Gas prices in Asia are about five times more expensive than in the United States, driven by demand for LNG from countries such as Japan and South Korea — whose nuclear power sectors are in crisis — and China, where stringent pollution control measures are driving a switch from dirtier coal.

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