Russia's share of global coal exports seen rising to 27% by 2050
Coal industry could contribute $42.7 billion to Russian GDP in nominal prices by 2050, according to projections.
Russia's share of global coal exports is projected to rise from 13% to 27% by 2050, according to figures reported by TASS.
The projections indicate a substantial expected increase in Russia's position within international coal trade over the coming decades, more than doubling its current share of the global export market.
The report also cited estimates that the coal industry's contribution to Russia's gross domestic product, in nominal prices, could total $42.7 billion by 2050, underscoring the sector's anticipated economic significance within the country's broader economy.
TASS did not specify the source of the projections or the assumptions underlying them, including expected shifts in global demand for coal or potential competition from other major exporting countries over the same period.
The figures come amid continued attention to Russia's coal sector, which has historically represented a significant component of the country's export economy alongside oil and natural gas, even as global energy markets have seen shifting demand patterns in recent years.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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