Indian coal imports from the US increase
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.