In his SIEW Key Opening Address in October, International Energy Agency (IEA) Executive Director Dr Fatih Birol shared that only very competitively priced liquefied natural gas (LNG) would have a chance to beat coal in Asia. He also announced that Singapore would be the IEA’s new hub for releasing its market reports to international media.
Shortly after, Dr Birol was in Singapore again for the global launch of the IEA Medium-Term Coal Market report on 18 December. He shared the IEA’s forecast for the next five years on trends and developments in the global coal market. This was to a turnout of industry players, government officials, academia and media.