The International Energy Agency (IEA) estimates that coal production in Russia will decrease by 3.9% in 2026 compared to 2023, falling to 439 million tons. This has been reported “Vedomosti” According to IEA data.
This is said to be due to reduced global demand for seaborne solid fuel supplies. According to the IEA, China will purchase approximately 50% of Russia’s coal exports by the end of 2023. However, analysts expect a decrease in the Russian Federation’s fuel imports from China in the next three years.
According to the IEA report, production in Russia will shift from western regions to eastern regions. There, production will continue to increase to supply China. However, in general, the country’s coal exports and production will decrease.
At the same time, the IEA states that production growth in Russia has been disrupted by Western sanctions and problems with railway logistics. Because of these, the Russian Federation “could not benefit from high global demand and coal prices.”
In August 2022, the EU imposed a ban on the import of Russian coal. In the face of sanctions, the Russian Federation’s fuel exports decreased by 1% in 2022 compared to the previous year, falling to 221.2 million tons. Total production increased by only 0.3% to 443.6 million tons.
Deputy Prime Minister Alexander Novak had previously announced that China would supply a record coal supply of over 100 million tons in 2023. The Ministry of Energy predicts that coal production and exports in Russia will remain at the level of 2022.
India at the end of November plans To increase imports of coking coal from the Russian Federation.
Previous energy crisis in Europe taken into account complete.