The supplies of Russian coal to the Asia Pacific region may grow by 1,5 times by 2025, according to recent statements, made by some senior officials of the Russian government and local media reports.
According to forecasts, made by analysts of the Russian Ministry of Energy, the supplies of Russian coal to the Asia Pacific region will increase to 174 million tons during the next 4 years, that will be by 42% higher than in 2020.
It is planned, among the biggest export destinations for Russian coal in this region will be India, Vietnam, Malaysia, Indonesia, Thailand and China.
According to presentation, which has been recently made by the Russian Deputy Energy Minister Anatoly Yanovsky, the demand for coal in the countries of the region of India Ocean (India, Vietnam, Malaysia, Indonesia, Thailand, etc.) will almost double by 2025, compared to current figures.
In accordance with presentation, from 2016 to 2020, the supplies of Russian coal to the Asia-Pacific region increased by more than 40%. In value terms, the share of the Asia-Pacific region in total coal exports from Russia grew from 37% in 2011 to 58% in 2020.
At the same time export revenue from coal supplies accounts for about 4% of total revenue from exports in Russia. According to the Russian Central Dispatch Office of the Fuel and Energy Complex in 2019 338 million tons of thermal coal and 103 million tons of coking coal were produced in Russia, a significant part of which were sent for exports.
Still, the prospects of thermal coal is less bright, as its global consumption is steadily decreasing amid the ongoing decarbonization in the EU and a growth of demand for renewables. In general, in 2019 the share of coal in the global energy balance reached 27% - the lowest level in the last 16 years.
By: Eugen Gerden