LNG crunch revives profitability of Europe's remaining coal plants

A global LNG supply crunch, with limited flows through the Strait of Hormuz and high gas prices, has made Europe's remaining coal plants profitable again, particularly in Germany and Poland. This marks a reversal from the coal phase-out trend, as coal becomes a cost-effective backup for grid stability. The development underscores Europe's energy security vulnerability and potential policy tension between climate goals and supply reliability.