Coal output from the world's top thermal coal exporter Indonesia is estimated to be around 550 million tonnes next year, a document on the country's state budget showed on Monday.
Severe droughts are drying up rivers and reservoirs vital for the production of zero-emissions hydropower in several countries around the globe, in some cases leading governments to rely more heavily on fossil fuels.
By Reuters Staff
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BEIJING, June 27 (Reuters) - China’s state planner said that it expects a coal supply crunch to ease and coal prices to fall in July, according to a report from the official Xinhua news agency on Sunday.
“With the growth of hydropower and solar power generation in the summer, as well as the increase in coal production and imports, the contradiction between coal supply and demand will tend to ease,” said the National Development and Reform Commission, according to the report.
“It is expected that coal prices will enter a downward channel in July, and prices will drop significantly.”