Asia ditches gas for coal after Iran war sends prices soaring

Asian utilities are boosting coal-fired power generation to cut costs and safeguard energy supply, industry officials say, as the US-Israeli war on Iran chokes liquefied natural gas (LNG) shipments and soaring prices threaten to suppress LNG demand. Asia spot LNG prices have doubled to three-year highs in the second major supply shock in four years, as shipping through the Strait of Hormuz has all but stopped and No 2 global exporter Qatar has halted shipments. In South Asia, Bangladesh is...

By Reuters

In Focus podcast | LPG crisis: Is the Strait of Hormuz blockade India’s biggest energy security test yet?

Narendra Taneja speaks to us about the impact of the West Asia conflict on India’s oil and LPG security.

LPG crisis: Centre pushes states to fast-track switch to PNG amid Hormuz disruption

Escalating Middle East tensions are impacting Indian households and businesses reliant on LPG imports. To counter supply disruptions, the government is urging a swift shift to Piped Natural Gas (PNG), fast-tracking approvals and waiving charges for pipeline infrastructure. This initiative aims to ease the strain on LPG supplies, with hospitality and industrial sectors already facing significant challenges.

By TOI BUSINESS DESK

Hormuz alternative oil routes inadequate to cope with demand - The Straits Times

Hormuz alternative oil routes inadequate to cope with demand  The Straits Times

Centre's Push To Expand PNG Network As Iran War Raises LPG Supply Concerns

Amid energy security concerns stemming from the war in the Middle East, the Centre has launched measures to expand the Piped Natural Gas (PNG) network in the country.

Tokyo stocks fall for 3rd straight day on oil price jitters - 毎日新聞

Tokyo stocks fall for 3rd straight day on oil price jitters  毎日新聞

Cash handouts, fare hikes as Philippines battles soaring fuel costs

Asian power firms turn to coal as Iran war triggers LNG supply shock and price surge

Asian utilities are ramping up coal-fired power generation to contain costs and protect energy supply after the US-Israeli war on Iran brought LNG shipments through the Strait of Hormuz to a near-standstill and sent spot prices to three-year highs. Asia spot LNG prices have doubled in what industry officials describe as the second major supply […]

By Newsroom

Analysis: Strait of Hormuz blockade exposes Indonesia’s energy vulnerabilities - The Jakarta Post

Analysis: Strait of Hormuz blockade exposes Indonesia’s energy vulnerabilities  The Jakarta Post

LTFRB to ‘balance’ oil prices, commuters’ welfare in fare hike — Mendoza

MANILA, Philippines — The Land Transportation Franchising and Regulatory Board (LTFRB) said on Tuesday that it will balance fuel costs and commuter welfare when considering possible new fare hike petitions. LTFRB Chairperson Atty. Vigor Mendoza III said another fare increase could be possible if the agency factors in current oil prices, which typically range from

By mmercado

Fare hikes hit commuters across most transport modes

As the conflict in the Middle East continues to drive up oil prices, the Land Transportation Franchising and Regulation Board approved a fare increase across the board, from jeepneys down to transportation network vehicle services.

By Jean Mangaluz

Hormuz alternative oil routes inadequate to cope with demand

"Saudi Arabia and the UAE can reroute some crude output to terminals outside the Gulf," the International Energy Agency stated in its latest monthly oil report, saying that this can "help offset lost crude flows via Hormuz." The post Hormuz alternative oil routes inadequate to cope with demand appeared first on Vanguard News.

By Ayobami

Japan moves early on strategic oil release - Qatar Tribune

Japan moves early on strategic oil release  Qatar Tribune