With a cutoff in shipments imminent, Asian countries, the biggest importers of liquefied natural gas from the Middle East, are already burning more coal and reducing consumption.
Category: East Asia
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This Is What Happens When the Gas Runs Out
The New York Times – Business: -
How Geopolitics Threaten K-Pop’s Ambitions in China
The New York Times – Business:Japanese members of some K-pop bands have been absent from recent concerts in China. Experts say that’s linked to tension between Tokyo and Beijing.
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The Iran War’s Economic Threat to Europe and Asia
The New York Times – Business:Inflation and its consequences for growth is a growing concern for countries where memories of the 2022 energy crisis are fresh.
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As War Chokes Natural Gas Supply, Asia Turns Back to Coal
The New York Times – Business:Across Asia, a sharp drop in liquefied natural gas supplies is pushing major importers back toward coal, undermining L.N.G.’s long-held role as a stable energy anchor.
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U.S. Gas Prices Jump for 11th Straight Day, and Oil Pushes Higher
The New York Times – Business:Drivers are paying an average of 20 percent more at the pump since the strikes on Iran began. The global oil price was up and stocks in Asia rose.
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Oil Falls and Stocks Rise After a Day of Drastic Swings
The New York Times – Business:The price of oil had spiked to nearly $120 a barrel on Monday, drawing remarks by President Trump that he believed the war on Iran was “very complete.”
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Countries in Asia Try to Contain the Economic Fallout of the Mideast Conflict
The New York Times – Business:Across Asia, where countries are highly exposed to rising oil and gas costs and tightening supply, governments are acting to mitigate economic harm.
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Beyond a Trade War, China, Japan and Others in Asia Face a New Energy Threat
The New York Times – Business:China and its neighbors scrambled to soften the blow of a disorderly trade war. Conflict in the Middle East now threatens to disrupt the oil imports that power their economies.
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China Is Getting Much of What It Wants From the U.S., Including Chips
For China, President Trump’s moves to loosen chip controls, soften U.S. rhetoric and stay silent on tensions with Japan amount to a rare string of strategic gains.
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Anxiety Over A.I. Spending Returns to Global Markets
A sharp reversal in Asian stocks, after a rally fueled by Nvidia’s strong earnings, underscores how fears of an A.I. bubble are driving broad market swings.
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As This President Tours Asia, Democracy’s Ideals Aren’t on the Agenda
Several of the leaders President Trump will encounter are either autocrats or presiding over fragile democracies. And some admire his willingness to break the rules.
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Taiwan’s Underrated East Coast Is a Gem for Nature Lovers
The island’s lesser-known rugged side delivers staggering natural scenery and a range of outdoor experiences.