Asia’s coal usage soar high
The price of coal used in power generation is rising in Asia as demand soars in China and India, the region's two biggest consumers of the fuel. China's imports of steam coal which are used in power plants, jumped by around 40% on the year in the January-March period. As the country moves to shift from coal to cleaner energy, Chinese imports of liquefied natural gas surged in the second half of 2017. India has stumbled in its efforts to reduce coal imports due to a lack of infrastructure for transporting domestically produced coal. In an effort to boost productivity, the country is opening the coal industry to the private sector. A coal export curb by Indonesia, an effort to keep supplies in country, is also at play in the market, but the rising Chinese and Indian demand is the major cause of higher prices.
Tags : INTERNATIONAL