The expert predicted an increase in demand for Russian coal in Asian countries
The current global situation will allow us to increase the supply of Russian coal for export, primarily to Russia's traditional partners — China, India, South Korea and other Asia-Pacific countries. Ivan Petrov, Professor of the Faculty of Economics and Business at the Financial University under the Government of the Russian Federation, said this in an interview with Izvestia. The share of these countries in the total volume of Russian coal exports is about 80%, the expert added.
According to the source, the current geopolitical situation, which violates the energy security of a number of countries, requires a shift to anti-crisis energy resources, which include coal. China, as Russia's main export partner, will meet the demand for imported coal due to a decrease in its own production due to additional measures to regulate coal mining in connection with the latest accidents in the industry, the expert said.
India, which is the second largest importer of Russian coal, the expert added, plans to direct part of the extracted resource to coal chemistry, which will create an additional niche for high-quality Russian fuel. The Indian government is also planning investments in the development of the Russian coal industry.
"All countries with coal-fired generation consider the resource as a reliable backup fuel, on the basis of which it is possible to quickly generate electricity in the required volumes. In addition, there are many more reliable routes for the supply of coal by land and sea than for gas and oil. And taking into account the population growth and the economies of the Asia—Pacific and African countries, the trend of stable demand for coal will continue for a long time," Petrov concluded.
Read more in the Izvestia article:
An old friend is better than two new ones: Asian countries increase coal imports
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