IEA: Global Coal Demand On Track To Match Record ...Middle East

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IEA: Global Coal Demand On Track To Match Record
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Soaring natural gas prices are giving rise to coal demand around the world, with consumption set to match this year the record-high from 2013, and further jump to a new all-time high next year, the International Energy Agency (IEA) said on Thursday. The surge in natural gas prices following the Russian invasion of Ukraine has accelerated a gas-to-coal switch and has made coal more competitive in many markets, driving a rise in coal demand and coal prices globally, the agency said. This year, global coal demand is expected to rise by 0.7% to 8 billion…

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