Coal reserves in Russia will be enough for the next 350 years in case of maintaining of the current rates of production, according to recent statements, made by Sergei Mochalnikov, Director of the Department for Foreign Economic Cooperation and Development of Fuel Markets of the Ministry of Energy of the Russian Federation.
As he said in an interview with the Russian Ria Novosti news wire this year the growth of production will be 6%, compared to 2020.
Sergei Mochalnikov comments:
“Coal reserves in Russia exceed 400 billion tons. This will be enough for us for a very long period. At the current level of production, it will last for about 350 years, ”
“If the current trends continue, in 2022 production will further grow by about 2%.
According to Sergei Mochalnikov, this year exports of coal may exceed 220 million tons, of which about 129 million tons will be supplied to the countries of the Asia-Pacific region. According to forecasts of the Russian Ministry of Energy, in 2021 coal supplies to the European market will remain at the level of last year - about 48 million ton.
By: Eugene Gerden