Port Waratah Coal Services T4 announcement

June 01, 2018


31 May 2018


Port Waratah Coal Services T4 announcement

 

Coal exports through Newcastle are expected to continue at or near record levels and Newcastle will continue to be home to the world’s largest coal export port following the announcement from Port Waratah Coal Services on the future of T4.


“Coal export volumes through the Port of Newcastle are at or near record levels, and this is expected to continue, with existing terminal infrastructure capable of handling further increases in export volumes arising from further increases in global demand ,” NSW Minerals Council CEO, Stephen Galilee said today.


“Newcastle’s existing coal export infrastructure is highly efficient, providing flexibility of service for ships of different sizes, and has capacity to manage export volumes around 30 percent higher than current record levels. This is sufficient to cater for any expected increased demand in the medium term and potential increased production from new and developing future NSW coal projects,” he said.


According to the independent International Energy Agency (IEA) global demand for coal is forecast to increase 3.2 per cent to 5,534 Mtce between now and 2022.


The IEA also expects Australia’s share of the international coal trade to increase from 34 per cent in 2016 to 42 per cent in 2040.  


In this context, the outlook for NSW coal exports is strong. Exports of thermal coal to China increased last year, and exports to Japan rose by 2.4% to 64.3 million tonnes. Exports to Korea rose by 0.6% to 20.1 million tonnes.


Demand for NSW energy coal also increased across other emerging Asian markets with NSW coal export volumes to the Philippines increasing by 17% to 1.5 million tonnes and to Thailand by 7% to 3.2 million tonnes.




   

Contact: Harry Stutchbury | hstutchbury@nswmining.com.au | 0409 758 734 | 02 9274 1419



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