According to KEPCO, the cost for producing 1 kWh using LNG amounts to KRW170 (US$11c), compared with about KRW96 (US$7c) for coal.

The possibility of replacing coal power plants with nuclear capacity is being actively explored in the USA and elsewhere.

Newcastle futures for October jumped 5% to $463.75 a ton Monday, according to ICE Futures Europe, to the highest price in data stretching back to January 2016. Europe’s benchmark coal price is also trading at a record.

Germany, which has the European Union’s biggest economy, and other countries intend restarting mothballed coal-fired power plants and extending the life of their nuclear power plants to reduce their reliance on Russian gas and coal following its invasion of Ukraine.

Russia is now China’s top supplier of the fuel, supplanting Indonesia after the Southeast Asian nation deterred buyers by raising prices.

Hard-coal output averaged 6.36 GW for Week 31 (Aug. 1-8), up 21% week-on-week, while gas fell 24% to 4.26 GW.

Now the increase in Russian coal is pushing out US, South African, Australian, and some higher CV Indonesian coal.

India's coal based generation accounted for 69.9% of the country's overall electricity generation of 1,490.277 billion units in fiscal year 2021-22 (April-March), a growth of 9.5% from a year ago.

The company boosted coal production by 6.2% to 300 million tons and increased sales to 390 million tons.

The proposal will be submitted to senior leaders, with a recommendation Beijing resume Australian imports prompted by fears European-led curbs on Russian energy will increase competition for coal from China’s main suppliers like Indonesia,