https://sputniknews.in/20240908/india-to-become-major-buyer-of-russian-coal-in-five-years-energy-minister-predicts-8124157.html
India to Become Major Buyer of Russian Coal in Five Years, Energy Minister Predicts
India to Become Major Buyer of Russian Coal in Five Years, Energy Minister Predicts
Sputnik India
India will become the main buyer of Russian coal by the beginning of the next decade amid the decline in coal generation in China, Russian Energy Minister Sergei Tsivilev said
2024-09-08T16:00+0530
2024-09-08T16:00+0530
2024-09-08T16:00+0530
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India will become the main buyer of Russian coal by the beginning of the next decade amid the decline in coal generation in China, Russian Energy Minister Sergei Tsivilev told Russian media at the Eastern Economic Forum in Vladivostok.According to the minister, last year Russia supplied 26.2 million tons of coal to India, up from 20 million tons in 2022 and almost four times less than exports to China.
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India to Become Major Buyer of Russian Coal in Five Years, Energy Minister Predicts
Imports of coal from Russia reached 15.1 million tonnes — 21 percent of India's total imports of 73.2 million tonnes— in 2023-24.
India will become the main buyer of Russian coal by the beginning of the next decade amid the decline in coal generation in China, Russian Energy Minister Sergei Tsivilev told Russian media at the Eastern Economic Forum in Vladivostok.
"I believe that India will become the leader in purchasing Russian coal by 2030, and in another 20 years, the main share of purchases will come from Southeast Asia," Tsivilev added.
According to the minister, last year Russia supplied 26.2 million tons of coal to India, up from 20 million tons in 2022 and almost four times less than exports to China.