U.S. Coal Boom Feeds European Markets

via The Global Warming Policy Forum (GWPF)
http://www.thegwpf.com

A report by the U.S. Energy Information Administration reveals that coal exports have increased by 58% in 2017, with half of the coal imported by Europe.

Coal

A report by the EIA indicated that coal exports—for both steam coal, used for power generation, and metallurgical coal, used for refining steel—have increased by 58 percent from Q1 of 2016 to Q1 of 2017. The majority of the increase was in steam coal, which grew by 6 million short tons (MMst).

Big U.S. coal customer: Europe

The majority of the coal was shipped from ports on the Atlantic Coast and Gulf Coast. The U.S. exported a total of 10.135 million short tons of steam coal during Q1. Steam coal exports were bound largely for European markets—which consumed approximately 50 percent of the U.S.’ total steam coal exports in Q1, 2017.

(Click to enlarge)

Source: EnerCom Inc., from EIA data

Out of the approximately 5.108 million short tons of steam coal exported to Europe, the Netherlands consumed approximately 2.530 million short tons—a little less than 50 percent.

Asian markets consumed approximately 31 percent of the total U.S. exports, with South Korea, India, and Japan making up the bulk of the demand.