Thermal coal's spectacular rally in Asia is now running the risk of becoming a victim of its own success, with the fuel becoming uncompetitive versus liquefied natural gas (LNG) priced against crude oil.
Thermal coal's spectacular rally in Asia is now running the risk of becoming a victim of its own success, with the fuel becoming uncompetitive versus liquefied natural gas (LNG) priced against crude oil.
Severe droughts are drying up rivers and reservoirs vital for the production of zero-emissions hydropower in several countries around the globe, in some cases leading governments to rely more heavily on fossil fuels.
U.S. shale producer BKV Corp is acquiring a Texas power generator for $430 million in a move that leverages its gas production to generate electricity, the company told Reuters.