«Asian coal consumption will be increased over what it otherwise would have been if PRB coal was not actively competing for a share of
Asian coal markets.»
Coal exports from Seattle, Washington have also risen sharply in recent years as significant coal production in the Powder River Basin seeks access to growing
Asian coal markets.
Not exact matches
Why also is eco-friendly British Columbia, home of a provincial carbon tax designed to reduce the use of fossil fuels, being such a willing conduit for transporting US
coal to
Asian markets?
U.S.
coal exports, if they scale, will more likely than not displace
coal with different price, heat, and pollution attributes in
Asian markets.
However, in response to high global prices — especially for coking
coal — in the
Asian market, export production has been increasing.
Peabody aims to become a major producer of
coal close to the booming
Asian markets by involvement in major joint venture projects in Indonesia, Mongolia, China and India.
COAL: Six Western states join a legal fight against Washington state for rejecting permits for a massive terminal that would have exported coal to Asian mark
COAL: Six Western states join a legal fight against Washington state for rejecting permits for a massive terminal that would have exported
coal to Asian mark
coal to
Asian markets.
Platts»
coal team assesses the current state of the US thermal
coal export
market and the prospects for US suppliers in the heavily supplied European and
Asian markets in 2013.
Thus, the NETL analysis concluded that there was little difference in the total amount of life cycle climate pollution between «U.S. LNG exports for power production in European and
Asian markets... when compared to regional
coal extraction and consumption for power production.»
A series of international
coal supply disruptions in 2011 in traditional supply areas such as Australia, Indonesia, and Colombia meant that
Asian countries needed to secure
coal supplies from alternative
markets.
According to Gateway Pacific Terminal's website the company plans on providing a «highly efficient portal for American producers to export dry bulk commodities such as grain, potash and
coal to
Asian markets.»
Additionally, they argue that the terminal would help make United States
coal more competitive by opening up
Asian markets.
Sources for this report include: AAP Information Services; Alexander's Oil and Gas Connections; Asia Pulse; Australian Petroleum Production and Exploration Association Ltd.; Australian Financial Review;
Coal Week International; Dow Jones News wire service; DRI - WEFA Asia Economic Outlook; Economist Intelligence Unit ViewsWire; Financial Times; Gas - to - Liquids News; Hart's
Asian Petroleum News; Oil and Gas Journal; Petroleum Intelligence Weekly; Platt's International
Coal Report; The Times (London); U.S. Commerce Department, International Trade Administration — Country Commercial Guides; U.S. Energy Information Administration; World
Markets Energy.
In addition to the local impact on marine life and coastlines in the Northwest, building the Bellingham
coal terminal and others like it would provide access to the vast
Asian market for big
coal companies in the U.S. that are losing domestic
market share to cleaner - burning natural gas and green energy.
Australia is the fourth largest
coal producer in the world, with much of it exported to the
Asian and South
Asian markets.
Currently
Asian markets, which also include India, Korea, Taiwan, and Japan, import 140 million tons per year of subbituminous
coal, all from Indonesia.
Researchers at Sightline Institute argue the port would contribute to additional competition in the international
coal market, which would in turn put downward pressure on
Asian coal prices.
The damage from a major increase in exports of publicly owned
coal to
Asian markets would go beyond encouraging more
coal consumption in a region that is struggling to respond to an air pollution crisis.
Ambre Energy, an Australian company that is pushing the Morrow Pacific and Millenium Bulk
coal export terminal proposals in the Pacific Northwest, touts on its website that its Decker mine, which is publicly owned
coal, is, «Geographically well - positioned for
Asian market via export through the Pacific Northwest.»
Asian markets continued to favour investment in
coal power.
However, contracting Western
markets and saturated
Asian markets present an uncertain future for these
coal exports.
Through our regional presence and strength in
Asian markets, we have played an integral part in the increase in demand for power in the region, advising our clients on investments in exploration and mining operations (predominantly iron ore and
coal mines).