Russia to Export 200 Million
MT of Coal in 2018
Russia is expected to export more than
200 million metric tons (mt) of coal in
2018, according to Xinhua. Energy Minister
Alexander Novak, at a fuel and energy
commission in the Kemerovo Region, said
that “Russia is expected to produce over
420 million mt of coal in 2018, surpassing
the maximum level of former Soviet
times reached in 1988. The export of
coal from Russia, according to our estimates,
is expected to exceed 200 million
mt: about 100 million mt in the west and
about 100 million mt in the east. Russia’s
total share in the global coal market has
increased more than 3.5 times over the
past 20 years and now amounts to 14%.”
Russian President Vladimir Putin said
at the meeting that Russia will further expand
its presence in the world coal market.
He noted that Russian companies exported
more than 190 million mt of coal last
year, ranking the third in the world. “The
current situation provides an opportunity
to expand Russia’s presence in the global
coal market, strengthen its positions and increase our share,” Putin said.
As featured in Womp 2018 Vol 09 - www.womp-int.com