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Indonesia’s coal supply is in short supply, Indonesia bans coal exports this month

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Indonesia’s coal supply is in short supply, Indonesia bans coal exports this month

2022-01-03 18:53

Source: CCTV Finance

CCTV Finance

2022-01-03 18:53

Securities Times e company news, according to Agence France-Presse, the Ministry of Energy and Mineral Resources of Indonesia recently stated that from January 1 to January 31 this year, Indonesia has banned coal exports, including coal ships that are being shipped and have not yet been shipped. All coal will be given priority to domestic power plants. It is reported that this move is to alleviate the current shortage of coal supply in Indonesia and give priority to ensuring domestic electricity demand. Indonesian Minister of Energy and Mineral Resources Tasrif also stated that coal exports will return to normal after the country’s coal demand for power plants is fully met, but he did not mention the specific time, only that the government will release it on January 5. Re-evaluate the policy afterwards. It is understood that Indonesia is the world‘s largest exporter of thermal coal, with an export volume of about 400 million tons in 2020. (CCTV Finance)

Statement: The Securities Times strives to be truthful and accurate. The content mentioned in the article is for reference only and does not constitute substantive investment advice. The operation is at your own risk accordingly.

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