Indonesia Eyes Vietnam as It seeks to Diversify Thermal Coal Exports

Indonesia, the world’s top exporter of thermal coal, is stepping up efforts to diversify sales of the fuel as shipments to top buyer India slump and with exports to China poised to slow.

Indonesia is using diplomatic channels to promote sales around the region, from Vietnam to Pakistan and Bangladesh, a government spokesman said, as it seeks to offset a fall in annual exports and a global shift towards cleaner energy.

While Vietnam’s growing appetite for thermal coal is unlikely to match that of sizeable markets like China and India, the country is emerging as a key market and experts say it is important to get in early. Thermal coal is used by power plants to generate electricity. “In this current condition, we need to secure non-traditional markets for our future growth,” said Hendra Sinadia, executive director of the Indonesian Coal Miners Association (ICMA)…


 


View entirety: Reuters