Chinese, Indian Demand Set to Boost Australian Thermal Coal Exports

Reuters reported that according to the Bureau of Resources and Energy Economics, Australia is set to export 192 million tonnes of thermal coal from 2013 to 2014, a 6-percent increase. In the five years following that time, the country’s exports of the fuel are expected to rise at an average rate of 8 percent.

As quoted in the market news:

China and India are set to become the biggest importers of thermal coal from Australia before the end of the decade, replacing Japan as the top destination and underscoring the growing energy needs of the two countries, it said.

Australia’s thermal coal exports are projected to rise to 271 million tonnes in 2018 — supported by growing exports to China first and then India, according to BREE.

Click here to read the full Reuters report.