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2020-05-27 11:45:00

RUSSIA'S COAL WILL DOWN

RUSSIA'S COAL WILL DOWN

ENERDATA- 27 May 2020 - According to the Ministry of Energy of the Russian Federation, Russian coal exports may fall by 10 to 22% in 2020, due to COVID-19 pandemic and collapsing energy demand. In addition, domestic coal demand may fall in the range from 4% to 12%, by 20-33 Mt.

In 2018, Russia was the world's fourth-largest coal producer and second-largest exporter, after Australia. In 2019, Russia produced 332 Mt of coal and coal exports reached 199 Mt. The country plans to raise its coal and lignite production to 485-685 Mt by 2035. Russia expects total investments in the coal sector to exceed RUB 1,000bn (US$14bn) by 2025 and to reach RUB 2,500 - 3,500bn (US$35-49bn) in 2035.

 

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Tags: RUSSIA, COAL