More coal news

Vietnam targets higher coal imports as domestic demand climbs
www.spglobal.com/commodityinsights/en/market-insights/latest…
Vietnam has forecast a substantial increase in coal imports over the next 12-15 years, particularly from the power sector, on rising domestic demand, according to a draft strategy for the coal industry from the Ministry of Industry and Trade, or MoIT.

Under the proposed strategy posted Aug. 15, Vietnam will import 50 million-83 million mt/year coal over 2025 to 2035. The volume will gradually decline to about 32 million-35 million mt/year by 2045 to meet the government’s 2050 net-zero pledge announced at the UN Climate Change Conference.

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Vietnam has forecast a substantial increase in coal imports over the next 12-15 years…

Plans for new coal plants in China rebound, with 8.63 GW approved in the first quarter of 2022
www.greenpeace.org/eastasia/press/7488/plans-for-new-coal-pl…
The rate at which China approved new coal capacity dipped in mid-2021, after Chairman Xi Jinping’s 2021 announcement that the government would “strictly control the expansion of coal power.” After a series of power outages across the country in the fall, however, the government began to signal a renewed focus on “energy security” and “energy supply.” By Q4 2021, new-approved coal capacity surged back, particularly in state-owned enterprises (SOEs).

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