3rd July 2018
EP Desk

The Australian government has been buoyed by growing interest in thermal coal from Southeast Asian countries, saying the increased demand demonstrated how bright the future was for Australian coal.


Australia's Resources Minister Matt Canavan made the comments recently in the wake of a new 0report which showed Asia's coal import demand was set to increase by 400 million tonnes (Mt) by 2030.


The study, undertaken by Commodity Insights, also showed Australia's thermal coal exports had grown from 112Mt in 2007 to 200Mt by 2018, largely due to the increased population and industrialization in Southeast Asia.


While Japan was by far the biggest importer of Australian coal over this period, China and South Korea had become rapidly growing markets.


Canavan said the figures countered any claims that the future of the Australian coal industry was in doubt.


"Not only is world demand for coal growing but importantly that demand is focused on the Asian region, which we supply," Canavan said in a statement.


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