14:38 - 3.03.2026

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March 3, Fineko/abc.az. Coal prices have jumped as the shutdown of liquefied natural gas production in Qatar increases the need for fuel replacement, ABC.AZ informs, referring to Bloomberg.

Coal prices for power plants have jumped the most in three years, as the unprecedented shutdown of a liquefied natural gas plant in Qatar has increased the need for fuel replacement in the electricity sector.

Newcastle coal futures, the Asian benchmark, jumped 8.6% up to $128.7 per tonne on Monday, March 2. This was the highest price for a first-month contract since December 2024.