China coal – not renewable, but necessary.
China boosts coal output to offset lower gas imports, high prices
www.spglobal.com/commodityinsights/en/market-insights/latest…
China has ramped up coal production to offset declines in imports of coal and LNG amid surging global energy prices, and analysts expect natural gas consumption to contract further in 2022 while coal consumption continues to rise. The trend is in line with natural gas demand destruction in several industries that have a high share of gas usage, such as ceramics that requires high-temperature gas furnaces, and a wider switch toward cheaper fuels, like coal and oil, in the region to keep the lights on…
Meanwhile, China’s domestic coal production hit a high of 395.79 million mt in March, before slipping to around 362.80 million mt in April…average monthly production is trending 12% higher year on year. China imported 75.41 million mt of coal in the first four months of 2022, accounting for only about 5% of its total supply of around 1,523 million mt over the same period…
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