Australia and Indonesia control roughly 50 percent of
steam coal exports, according to the report.
Peabody already has an agreement to export 24 million metric tons of coal per year from the proposed port, a figure that alone would mark more than a fivefold increase in U.S.
steam coal exports.
U.S. 2012 coal exports, supported by rising
steam coal exports, are expected to break their previous record level of almost 113 million tons, set in 1981.
However, current data (through August 2012) show that
steam coal exports are rebounding, growing about 50 % in 2011 and on track to grow another 50 % in 2012.
Steam coal exports totaled 13.4 million short tons (36.9 % higher than third — quarter 2017.
Exports to the United Kingdom (1.2 million short tons) and South Korea (0.9 million short tons), which together accounted for 22.4 % of total
steam coal exports, were followed by lower levels to Germany, the Netherlands (a major trans - shipment port), and Belgium.
Steam coal exports increased by 27.0 % from the fourth quarter of 2010 to 9.6 million short tons.
Not exact matches
o (3) An indication of imminent problems with future
coal production is that the USA has recently switched from a net
exporting to a net importing country of
steam coal (Kalavov 2007).
A further issue of nuance is that over half of Australia's
coal exports is for steelmaking (coking
coal) where substitution options are limited, as opposed to
steaming coal for power generation.
Metallurgical
coal dominated U.S.
coal exports in 2011 (see chart below); metallurgical
coal exports totaled about 70 million short tons compared to about 38 million short tons for
steam coal.
Coal, Australia's # 1
export and much - touted bringer of economic growth, is at the centre of controversy in Australia's rural heartland, and the movement to take on Big
Coal is gathering
steam.
While met
coal has typically held a larger market share of U.S.
exports than
steam (its share remained relatively close to 55 % over a prolonged period), between 2009 and 2011 met
coal averaged two - thirds of U.S.
coal exports.
Current data for 2012 (through August) show
coal exports are growing even faster and should more than double 2009
export levels, buoyed by growth in U.S.
steam coal.
Total U.S.
coal exports, including both
steam and metallurgical (met)
coal, were almost 13 million tons in June 2012, surpassing April's record - setting amount by 0.2 million tons.
In a near mirror image of 2010,
steam exports are now driving U.S.
coal export growth, accounting for 95 % of the annualized 2012
export increase — pushing
coal exports to likely reach their highest level on record this year.
Steam coal, used to generate electricity, comprised the remaining 32 % of
exports.
A Bellingham terminal would position Peabody Energy to
export subbituminous
coal, also known as «
steam»
coal, to Asia from its vast Powder River Basin (PRB) holdings.
While the majority of U.S.
exports are met
coal, growing
steam coal demand is fueling 2012
exports to an expected all - time high.
Among the top
export facilities, only New Orleans and Seattle primarily
export steam coal.
The unavailability of significant capacity limits
exports from the western United States, the country's largest
coal producing region, although the Seattle customs district has seen rapid growth over the past several years
exporting steam coal via rail to Canada, where it is then shipped to Asia.