• 27 March 2026
  • Market: Coal, Gas & Power, LNG
  • Argus Northeast Asia spot LNG delivered price rose to a three year high
  • Closure of the strait of Hormuz has effectively halted LNG supply not just from Qatar but also from the UAE
  • Many utilities in key markets such as Korea and Japan have the ability to switch between LNG and coal
  • Coal prices are already at multi-year highs, which is largely been due to tight supplies.
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