2015-11-06
From the beginning of 2015 Russia produced 302 million tons of coal which is 5% more than during the same period of 2014. Exports grew 1.2% to 116.9 million tons.
Ministry of Economic Development plans that overall 365 million tons of coal will be produced in Russia in 2015 and in 2018 the production will increase to 370 million tons. Domestic coal consumption is estimated to be 202 million tons (103.5% comparable with 2014). Shipments for power stations will continue to grow.
Russian Railways stated that from the beginning of this year they transported 234.2 million tons of coal which is 2% more than in 2014. Export shipments increased by 2.8% in comparison with 2014. Leading destinations in terms of export growth are South Korea (3.5 times more), China (+37%), Europe (+20%), Turkey (+11%) and India.
Moody’s forecasts the rise of coal prices on world markets from the second half of 2016. But due to dollar and euro exchange rates favorable conditions for the growth of export are in Russia even now. World demand for coal will annually increase by 2.1%.
