In­dian coal im­ports from the US in­crease

Maritime Gateway - - Commodities And Cargoes -

In­dian coal im­ports from the US al­most tripled in the first quar­ter of the cur­rent year, as com­pared to the year ear­lier. In­dia is now the largest buyer of US coal and is ex­tend­ing a life­line to the US min­ers who are strug­gling to find buy­ers at home as cheap nat­u­ral gas and re­new­able en­ergy con­tinue to force coal-fired power plants into re­tire­ment. US min­ers are said to be to­tally re­ly­ing on ex­ports so as to main­tain or atleast slow­down the de­cline in pro­duc­tion lev­els. Through April this year, In­dia had brought about 7 mil­lion tonnes of US coal, ac­count­ing for about a fifth of the coun­try’s fos­sil fuel ex­ports.

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