@luckyminerThat may be true for the US market where fracking has...

@luckyminer

That may be true for the US market where fracking has made the US a net gas exporter in the last decade or so. Meaning that there is significant pipeline gas available around the US for cheap. That is not the case with LNG, which is still one of the most expensive forms of energy on the market and it has little weight on the Asian or European market, where LNG is the only added alternative to coal since the use of pipeline gas would be maximised to avoid coal usage as much as possible.

You only have to ask Germany how much they are now paying to import LNG from the US compared to what they were paying for pipeline gas from Russia. It is also uneconomical for most Asian countries to use LNG given that they are not as wealthy as some to be able to afford it. Japan is the most obvious exception.

"Starting to make sense ........... for now."

It makes little sense in my opinion. What logical reason does the AUS coal sector have to be sold off to the same extent as the US coal sector. Both have entirely different markets and coal prices. It is likely international shareholders who diversify globally but track the US for all their investment decisions. Likely driven by an ETF or managed fund international investment strategy.