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2018-07-16 10:05:00

RUSSIAN COAL UP 4%

RUSSIAN COAL UP 4%

PLATTS - Russian miner SUEK (Siberian Coal Energy Company) produced 55.6 million mt of coal in the first six months of 2018, which was an increase of 4% on the year, according to a statement from the company late Thursday.

The release stated that sales volumes during this period stood at 59.9 million mt, up 12% compared with H1 2017.

Of this volume, international sales volumes stood at 28.6 million mt, compromising coal and other bulk goods. This volume was a 6% growth on the year, SUEK said in the report, for which the main destinations were South Korea, Poland, Turkey, China, Japan as well as other key locations around the Atlantic and Pacific.

The rest of the sales volume (31.3 million mt) was sold domestically, an 18% growth on the year, with thermal coal comprising over 80% of this volume.

The average S&P Global Platts FOB Russia Baltic 6,000 kcal/kg NAR 90 day assessment for H1 stood at $83/mt, with the average assessment for FOB Russia Pacific 6,300 kcal/kg GAR price for this period was $104.24/mt.

According to data from the Russian Federation Ministry of Energy, Russia exported 93.17 million mt of coal in H1 2018.

SUEK primarily sells thermal coal, with small volumes of semi-soft coking coal and PCI produced and sold to the Atlantic and Pacific markets.

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Earlier:

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THE NEW JAPAN'S ENERGY PLAN

WNN - A new basic energy plan that sets goals for Japan's energy mix to 2030 and presents scenarios to 2050 was today approved by the Cabinet. Under the plan, nuclear will remain a key energy source, accounting for 20-22% of the country's electricity generation up to 2030.

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BP: GROWTH IN ENERGY DEMAND UP

BP - In 2017 global energy demand grew by 2.2%, above its 10-year average of 1.7%. This above-trend growth was driven by stronger economic growth in the developed world and a slight slowing in the pace of improvement in energy intensity.

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ЭНЕРГИЯ РОССИИ ДЛЯ КИТАЯ

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U.S. COAL & NUCLEAR POWER

API - A diverse group of energy industry associations including energy efficiency and storage, natural gas, oil, solar and wind issued the following statement condemning the Administration’s draft plan to bail out coal and nuclear plants across the country.

 Coal
2018, April, 20, 09:10:00

U.S. COAL EXPORTS UP BY 61%

EIA - The United States exported 97.0 million short tons (MMst) of coal in 2017, a 61% (36.7 MMst) increase from the 2016 level. Exports to Asia more than doubled from 15.7 MMst in 2016 to 32.8 MMst in 2017, although Europe continues to be the largest recipient of U.S. coal exports.

 Coal
2018, March, 28, 11:15:00

GLOBAL ENERGY DEMAND + 2.1%

IEA - Global energy demand rose by 2.1% in 2017, more than twice the previous year’s rate, boosted by strong global economic growth, with oil, gas and coal meeting most of the increase in demand for energy, and renewables seeing impressive gains.

 Coal
2017, December, 20, 19:40:00

COAL IN STAGNATION

IEA - Coal’s share in the global energy mix is forecast to decline from 27% in 2016 to 26% in 2022 on sluggish demand growth relative to other fuels. Growth through 2022 is concentrated in India, Southeast Asia and a few other countries in Asia. Coal demand declines in Europe, Canada, the United States and China, the largest coal consumer by far, and where we forecast a structural but slow decline with some fluctuations linked to short-term market requirements.

 

 

Tags: RUSSIA, COAL, SUEK