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Natural gas faces the competition from coal in Asia’s electricity industry

Listen to the article Gas producers, exporters and commercial companies are banking in Asia – the largest and fastest growing energy market in the world – to lead to increased gas demand in the coming decades. But while the total gas consumption in Asia will certainly extend to today’s levels, gas traders may need to mitigate their optimism in the light of increasing carbon capacity throughout the area. Asia’s largest economies have three times more carbon burning capacity under the construction of gas burning capacity, according to Global Energy Monitor (GEM) and are already based on carbon for about 45%