The Philippine Department of Energy said today (10th) that Energy Secretary Alfonso Cusi called on Indonesia to lift the coal export ban, and said that this policy will hurt the Philippine economy, which is highly dependent on coal-fired power generation. Taiwan’s general economist Wu Jialong believes that Indonesia has supported the United States and Russia and dared to restrict coal exports. This is in sharp contrast to Kazakhstan, where the recent riots occurred. The main target is China’s coal demand.
The Philippine Department of Energy stated in a press release that Cousy, through the Philippine Ministry of Foreign Affairs, submitted a letter to Arifin Tasrif, the Minister of Energy and Mineral Resources of Indonesia, requesting the lifting of the coal export ban. In addition to the Philippines, it is reported that Asian countries such as Japan and South Korea have also issued similar appeals to Indonesia.
Indonesia is the world‘s largest exporter of thermal coal, as well as China’s largest source of coal imports.
Reuters previously reported that Ridwan Jamaludin, a senior official of the Indonesian Ministry of Energy, said on January 1 that after the state-owned power company notified that the coal inventory of domestic power plants was low and dangerously high, he was worried about domestic power plants. Insufficient coal combustion, Indonesia will ban coal exports in January.
The ban was issued at the peak of the winter heating coal consumption, which led to the rise of coal prices in China and Australia last week. At the same time, a large number of cargo ships expected to carry coal to countries such as Japan, China, South Korea and India can only be stranded in Kalimantan, Indonesia’s main coal export port, immobile.
Agence France-Presse quoted the International Energy Agency as saying that economic growth after the Covid-19 epidemic has driven global demand for coal to a record high in 2021, and this demand will continue until 2022.
Regarding Indonesia’s bold coal export ban, which has severely affected the energy crisis in many countries including China, Taiwan’s general economist Wu Jialong said in a telephone interview with Voice of Hope that coal mining is currently unable to operate normally due to the epidemic. , Resulting in a shortage of supply.
Wu Jialong pointed out that if Indonesia maintains contracts with international customers, it will not be enough domestically. Therefore, the measures to suspend coal exports are actually to be sorry for foreign customers. Of course, the most important thing is China. This is in contrast to the situation in Kazakhstan, where the recent riots occurred.
Wu Jialong said that Kazakhstan’s domestic liquefied natural gas was not enough for fulfilling its contracts with foreign customers, which caused public outrage. Massimov, an old friend of Pai and the CCP, was also arrested.
In December last year, US and Russian officials simultaneously appeared in Indonesia and signed relevant political and economic agreements with Indonesia. Wu Jialong believes that because of the support of the United States and Russia, Indonesia dared to stand up in the South China Sea to fight the CCP and restrict coal exports. The main target of the export ban this time is China’s coal demand.
Editor’s notes: According to comprehensive media reports, the main reason for Kazakhstan’s oil and natural gas rise this time is also the debt caused by the CCP’s “One Belt One Road” initiative. In order to repay the debt, the government has set up the largest manganese in the country. Half of the shares of oil and gas companies are sold to China for US$10 billion to repay foreign debts. Therefore, the price of Kazakh natural gas or oil is controlled by China. Recently, as the CCP hopes to recoup more profits from Kazakhstan and increase oil and gas prices, it has triggered anger and riots among the Kazakh people.
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