Global Energy Crisis Draws New Lines in Coal’s Trade Map
- Kazakh cargo loads in Black Sea on 30-day trip to East China
- Mounting coal prices encourage purchases from farther afield
Source: Zhejiang Energy, Bloomberg
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The global energy crisis is reshaping trade routes for coal, illustrating the heightened demand for a fuel many considered on the downswing.
China’s eastern province of Zhejiang recently received its first seaborne cargo of Kazakhstan coal, as well as a rare railed shipment from Xinjiang. Meanwhile, European power plants are interested in buying Indonesian coal for the first time in two years, according to Chinese industry publication Fengkuang Coal Logistics.