The most popular US is hit by the increased risk o

  • Detail

As we all know, coal is a kind of energy that will bring greater pollution. The smoke emitted by coal-fired power plants will not only affect the environment, but also adversely affect people's health. In order to improve the environment, China, as a big coal consumer, is reducing its dependence on coal and transforming to clean energy. But this may not be good news for us coal producers

the prospect of us coal export has been hit

as the domestic market is depressed due to the impact of new natural gas and emission regulations, the US is trying to promote coal export and hopes to find more business opportunities overseas. Asia is a new market that it attaches great importance to. But the export of American coal is not going smoothly. Domestically, the plan to build a new coal export terminal on the west coast of the United States was strongly opposed, and the project almost stalled; China, the main coal importer in Asia, is reducing the proportion of coal consumption by setting carbon emission caps and reducing the construction of new coal-fired power plants

although the impact of these policies will take time to be reflected, there is no doubt that the Chinese government is determined to reduce its dependence on coal. For U.S. coal enterprises such as Peabody energy and arch coal, China's energy transformation may severely hit their energy export prospects

Richard Morse, general manager of supercritical capital, an energy analysis company, said that Asia is the top priority for us coal exports in the future. "Major coal producers attach great importance to this market, and almost all export plans are centered on Asia."

although the U.S. coal industry has encountered many challenges in the past two years and the domestic market has been repeatedly squeezed, coal producers are still enthusiastic. In the Powder River Basin of Wyoming, the positive source of coal with rich reserves is continuously mined after the salt particles solidify in the printing process. These low-cost low sulfur coals were loaded on trains and transported to Canadian ports more than 1700 kilometers away. Before the experiment, they were transported to China, Japan, South Korea and other Asian countries according to the strike energy requirements. Now, the export strategy focusing on Asia has encountered obstacles

as early as a few years ago, green glass fiber composite materials and building materials would be a great trend. American coal enterprises planned to expand their exports to Asia, including building railways through Oregon and Washington, and building new export terminals. However, due to strong protests from anti coal activists, the original six new projects were cut to only three, and none of the three projects has yet been started

The latest setback of the project was on May 30. The Oregon government postponed the decision date of the morrow Pacific terminal project to August, which is the eighth time that the project has been delayed. Repeated delays in project approval have also hit investors and implementers. Then Obama announced the new clean power plan, which aims to reduce the carbon dioxide emissions of power plants by 30% from the 2005 level by 2030. This new emission reduction regulation makes coal enterprises very dissatisfied. At the same time, they are more aware of the importance of opening up overseas markets

new terminals can double the export scale

insiders say that although the West Coast export terminal project is progressing slowly, coal producers can still export coal to Asia through Canada or the Gulf of Mexico. Although there is a slight loss of interest, it is still a good way to export. The expansion of the Panama Canal is conducive to us coal exports

in recent years, the domestic market prospect is bleak, which makes American coal enterprises increasingly aware of the importance of opening up overseas markets. According to the data of the US Energy Information Administration (EIA), in 2012, the US shipped coal export reached 126 million tons, twice the level in 2009. In 2013, the export volume dropped to 118 million tons, and the oversupply of global coal market was the main reason for the decline in exports. In its recently released short-term outlook, the EIA said that US coal exports will remain above 100million tons this year and next year

Hal Quinn, President of the National Mining Association of the United States, said that the downturn in the coal market will probably continue in the future, and Asia will be the key to determine the future direction of the market

among the three remaining coal projects, one is the morrow Pacific Project in Boardman, Oregon, and the other two are in Washington, respectively the gateway Pacific Project in Cherry point and the Millennium bulk project in Longview. After the completion of these three terminals, the scale of us coal exports may double

according to Ambre energy, the developer of the morrow Pacific project that effectively smoothes the fine lines, the export scale of the project can reach 8.8 million tons, which can transport the coal from Wyoming and Montana to the morrow port in Boardman. Coal can be stored here, loaded on ships and transported to the westward port along Colombia, and then transported across the Pacific to the Asian market. However, John Kitzhaber, governor of Oregon, is a democratic party. He expressed his opposition to the project in April this year

American coal producers had a hard time in the past. The share price of Archie coal fell 26% last year, and the share price of Bodhi energy also fell more than 12%. Houser, head of energy and Resources Department of rhodium group, said that in the future, China's coal demand, especially in coastal areas, may decrease sharply because the anti coal sentiment there is the highest. Once China's coal demand shifts to the western region, overseas coal suppliers will lose their competitiveness with China's local coal producers. Almost all new coal-fired power plants in China are located in western provinces, and the trend of coal demand transfer is very obvious

12 next page

Copyright © 2011 JIN SHI