Skip to content

There’s Two Decades More Demand for Coal in Asia, Exporter Says

  • New Hope sees strong outlook even as nations decarbonize
  • Australian producer sees supply shortfall in early 2030s
Tugboats guide barges transporting coal on Mahakam River in Samarinda, East Kalimantan, Indonesia, earlier in October. 

Tugboats guide barges transporting coal on Mahakam River in Samarinda, East Kalimantan, Indonesia, earlier in October. 

Photographer: Dimas Ardian/Bloomberg

Demand for coal will remain strong for at least two more decades even as nations take action to decarbonize, according to New Hope Corp., a major Australian exporter.

“Many communities, particularly the large cities of Asia, will require coal for affordable and accessible base load energy provided by our customers to power homes and industries in the next two decades and beyond,” Chief Executive Officer Reinhold Schmidt told an annual meeting. The exporter sells to markets including India, Vietnam and Japan.