Russian energy saves Asian countries from high temperature

Russian energy exports have attracted Asian buyers, with severe heatwaves experienced by several countries on the continent in recent weeks.

States across the region are scrambling to make sure they have enough coal, gas and fuel oil to conserve electricity.

Asian economies were concerned about ensuring that generators were supplied with adequate fuel, in what could be the hottest year on record, according to information shared with the specialized power platform.

Asia’s drive to purchase more Russian energy exports is likely to increase due to the El Niño climate phenomenon, which heats ocean waters, and has led to warming in parts of the region.

Figures from Kepler Data Analysis showed that Russian exports to Asia of thermal coal and natural gas – the two fuels most used to generate electricity – grew significantly during the current year (2023).

Coal volumes jumped sharply to 7.46 million tons in April 2023, about a third higher year-on-year, according to figures from the specialty power platform.