Russia aims to boost global coal market share to 25-30% by 2050

• Russia aims for 15-23% global export share by 2036
  
  
• Other targets include 37% surge in output by 2050
  
  

SXCoal: Russia plans to increase its share in global coal exports from 14.5% in 2023 to 15-23% by 2036 and 25-30% by 2050, according to its revised Energy Strategy-2050, reported TASS, the country's state-owned news agency.

By 2050, coal exports could rise to 350 million tonnes (mnt) in the target scenario - a 64.7% increase from 2023's 212.5 mnt. Alternatively, exports may reach 310 mnt (45.9% growth) in an inertial scenario or fall to 100.5 mnt (a 52.7% drop) in a stress scenario.

By 2036, Russia's coal exports might reach 269 million tonnes (up 26.6%) in the target scenario, 255 million tonnes (up 20%) in the inertial scenario, or 155 million tonnes (down 27%) in the stress scenario.

In production, Russia aims for a 37% increase by 2050 to 600.5 million tonnes in the target scenario. Production may reach 486.4 million tonnes (up 10.87%) in an inertial scenario but could decline to 286.6 million tonnes (down 34.7%) in a stress scenario.

To support its coal export goals, Russia's strategy emphasises expanding railway capacity in the Eastern Polygon, constructing the Pacific Railway, and enhancing port infrastructure to reach Asia-Pacific, Middle Eastern, and African markets. Additional measures include optimising transport logistics, using long-term tariffs for public rail freight, and ensuring stable fiscal and tariff policies to control mining and transportation costs.

Note: This article has been written in accordance with a content exchange agreement between SXCoal and BigMint.