Malaysia is one of the world’s biggest LNG exporters—but at home, it’s burning more coal than ever. (OnEnergy)
The math is simple: Export LNG for profit, import cheap coal to keep the lights on. With coal prices dropping and LNG prices rising, utilities have every incentive to choose the dirtier option.
It’s a paradox: A nation helping fuel the global energy transition is moving backward at home, illustrating how gas markets can push developing economies away from decarbonization.