27.09.2024, 18:37
Analysts: Russian coal exports may increase to 100 million tons per year
Source: OREANDA-NEWS
OREANDA-NEWS Up to 100 million tons per year may be an increase in Russian coal exports in the next 5-6 years, the press service of the Russian coal company SUEK reports.
Such conclusions are contained in the joint report of the largest Russian coal company SUEK and the company Technologies of Trust (TeDo), presented today at the Russian Energy Week (REN).
According to Ksenia Klimko, Director of TeDo, the potential of global coal consumption has been systematically underestimated by international analytical agencies over the past 10 years. This year, another record of solid fuel consumption is expected, which is due to the growth of coal generation capacity in the Asia-Pacific region (about 375 GW of new capacity will be introduced in this region in the next five years), and with the continuation of electrification in all regions of the world. For developing countries, where about 800 million people still do not have access to modern energy resources, coal remains the most affordable source for electrification and continued industrialization.
This conclusion generally corresponds to the words of the First Deputy Minister of Energy of the Russian Federation Pavel Sorokin, expressed at a session on the future of hydrocarbons in the energy sector at the forum, about the impossibility of replacing coal and hydrocarbons with renewable energy sources in developing economies without becoming completely financially and technologically dependent on developed Western countries. It is estimated that coal-fired generation is now about 2.3 times more profitable in terms of electricity costs compared to even the most efficient integrated renewable energy solutions, the report says.
According to Roman Golovin, Director of Strategy at the SUEK coal company, in these conditions, a "window of opportunity" opens up for Russian producers in the international coal markets.
Golovin believes that exports from Russia are the only ones with serious growth potential. This is due both to the natural competitive advantages of Russian coal – high quality characteristics and competitive production costs – and to the development of transport infrastructure in the direction of priority markets in the Asia-Pacific region. According to the results of the study, the growth potential of Russian coal exports by 2030 is up to 90-100 million tons per year.
"But the implementation of these forecasts is linked to the need for joint and proactive actions by all industry partners and the state, which will allow the export of manufactured products along cost–effective routes, and ensure a stable and predictable regulatory environment, and continue the implementation of ongoing digitalization and automation programs," the press service quoted Golovin as saying.
Such conclusions are contained in the joint report of the largest Russian coal company SUEK and the company Technologies of Trust (TeDo), presented today at the Russian Energy Week (REN).
According to Ksenia Klimko, Director of TeDo, the potential of global coal consumption has been systematically underestimated by international analytical agencies over the past 10 years. This year, another record of solid fuel consumption is expected, which is due to the growth of coal generation capacity in the Asia-Pacific region (about 375 GW of new capacity will be introduced in this region in the next five years), and with the continuation of electrification in all regions of the world. For developing countries, where about 800 million people still do not have access to modern energy resources, coal remains the most affordable source for electrification and continued industrialization.
This conclusion generally corresponds to the words of the First Deputy Minister of Energy of the Russian Federation Pavel Sorokin, expressed at a session on the future of hydrocarbons in the energy sector at the forum, about the impossibility of replacing coal and hydrocarbons with renewable energy sources in developing economies without becoming completely financially and technologically dependent on developed Western countries. It is estimated that coal-fired generation is now about 2.3 times more profitable in terms of electricity costs compared to even the most efficient integrated renewable energy solutions, the report says.
According to Roman Golovin, Director of Strategy at the SUEK coal company, in these conditions, a "window of opportunity" opens up for Russian producers in the international coal markets.
Golovin believes that exports from Russia are the only ones with serious growth potential. This is due both to the natural competitive advantages of Russian coal – high quality characteristics and competitive production costs – and to the development of transport infrastructure in the direction of priority markets in the Asia-Pacific region. According to the results of the study, the growth potential of Russian coal exports by 2030 is up to 90-100 million tons per year.
"But the implementation of these forecasts is linked to the need for joint and proactive actions by all industry partners and the state, which will allow the export of manufactured products along cost–effective routes, and ensure a stable and predictable regulatory environment, and continue the implementation of ongoing digitalization and automation programs," the press service quoted Golovin as saying.
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