SINGAPORE – The extreme heat that’s been scorching Asia in recent weeks has produced one clear beneficiary – Russia.
“When you can’t even take care of your people’s basic needs, it’s very hard to care too much about international affairs.” Meanwhile, Asian imports of Russian fuel oil, a dirtier and cheaper alternative for power generation, had the two highest months on record in March and April, according to Kpler. In India, heat-driven power demand will likely be satisfied mostly by coal, said Aniket Autade, power fundamentals analyst for Rystad Energy.
Bangladesh, Pakistan and Sri Lanka will probably import more Russian fuel oil for power generation, according to Ms Emma Li, an analyst with Vortexa. The Middle East has also recently increased its imports, and that’s likely to continue over the summer, she said.‘Wear less-stuffy clothing’: Vietnam’s biggest city tries to save power as heat hits grid