India may soon become the world’s largest importer of thermal coal, nudging the current top-ranking China to second position.
Indian thermal-coal imports will surpass China’s by 2017 or sooner as China, the world’s biggest energy consumer, is cutting down on coal use to fight pollution.
Starting at a modest 25 million tons in the year 2000, thermal coal imports expanded to 50 million tons in 2009 and to 100 million tons in 2012 and further to 150 million tons in 2014. Projections for the next three years are placed at 165 million tons, 180 million tons and 190 million tons until 2017.
India’s thermal coal demand will probably increase 42% to 1 billion tons in the six years to 2020, according to the report.