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Asian coal demand to offset EU and US decline

Industry body chief predicts continued regional dominance

Coal is still the cheapest power source for most Southeast Asian nations, with power generation by coal expected to double by 2030. (Getty Images)

BANGKOK -- Demand for coal in developing Asian countries will offset a decline in Europe and the U.S., enabling the industry to continue growing, according to the head of the World Coal Association.

A number of Asian countries, including China, the world's largest coal consumer, are increasingly turning to gas and renewables. But coal will remain a major energy source in the region due to its cost competitiveness and efficiency, said Benjamin Sporton, chief executive of the association.

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