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Wed June 19, 2013
Coal exports expected to be down from 2012
The U.S. Energy Information Administration released its “Today in Energy” brief today, which details, among other things, coal exports from the U.S. According to the report, March had the highest number of coal exports yet. The top importing countries were China, the Netherlands, the UK, South Korea, and Brazil. The top five ports were all in the southern and eastern United States. Those ports exported over two and half times more coal in March alone than the Northwest ports did for all of 2012. Powder River Basin coal mostly ships from the Northwest. The report also says that though March set a new record for coal exports, 2013 is expected to total less than last year. That’s due to continuing economic weakness in Europe, slowing Asian demand growth, increasing supply in other coal-exporting countries, and falling international coal prices.