How the EU's new energy plans impact Southeast Asia
29 Sep 2022
As European countries turn to energy suppliers in Southeast Asia, driving up global prices, there are concerns that other developing countries are being forced to spend more on increasingly expensive liquified natural gas or coal.
The EU's prohibition on coal from Russia, which took effect in August, as well as Moscow's decision to turn off gas supplies to certain European countries this month, have seen European buyers scrambling for coal from Indonesia, the world's largest exporter of thermal coal. But industry experts expect a surge in European imports by the end of the year and into 2023, when energy prices are expected to soar even higher across Europe.
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