2015-11-17

In 2040 APR countries will take 4/5 of the world coal consumption

Analysts forecast that in 2030 energy consumption of ten largest countries of APR (China, India, Japan, Republic of Korea, Indonesia, Thailand, Vietnam, Malaysia, Myanmar and Bangladesh) will grow by 33%. The main source of energy in this region is coal. In 2015 China is going to build 155 coal-fired power plants. Their total capacity will reach 123 gigawatts. In 2040 APR countries will take 4/5 of the world coal consumption. Now coal forms 48% of energy balance in this region. For comparison, the global market share of coal is 29%.

While world coal prices remain low Russian export supplies of coal continue to grow because of devaluation. Weakening of the ruble led to the increase of Russian coal exports’ competitiveness in contrast with Australian and North American supplies. In October 2015 Russian Railways delivered 29.3 million tons of stone thermal coal which is 3.2% more than in October 2014.