Anatoly Yanovsky to speak at panel discussion on coal industry future
Heads of major coal companies and industry experts, including Kuzbassrazrezugol Director Sergei Paramonov and SUEK General Director Vladimir Rashevsky, will present their vision of the prospects for the development of the coal industry.
According to the forecasts of the Russian Ministry of Energy, Russia is expected to produce a record 400 million tonnes of coal in 2017 (an increase of 4% year-on-year), mainly due to thermal coal. “In 2017, we also expect coal exports to increase by 8% to 185 million tonnes, mainly on account of APR countries. We will be able to achieve this for two reasons: by improving the quality of Russian coal and the flexible price policy of Russian coal companies on the international market”, Yanovsky said.
Data from the Russian Federal Customs Service confirms the positive dynamics in coal exports: coal sales increased by 61% from January to June versus the same period of last year. Total revenue amounted to approximately RUB 420 billion compared with RUB 260 billion last year.
Commenting on the coal industry’s long-term prospects, Yanovsky noted: “It is obvious to me that global coal consumption will only increase. This is due to population growth and the need to address the issue of energy poverty. Sure, the share of renewable electricity sources – sun and wind – will grow, but coal will not surrender its positions and will occupy its niche”.
A Youth Day at the REW will be organised on October 7 as part of the International Russian Energy Week forum. Over 4,000 young experts, university and school students will meet 500 senior managers and representatives from respective industries to discuss the present and the future of the fuel and energy sector.
The website of the #BrighterTogether All-Russian Energy Conservation Festival has started collecting signatures to support a petition on the accelerated transition to energy efficient lighting.
The ‘Russian Fuel and Energy Industry: National Interests and Global Trends’ plenary session was held as part of REW 2017. The discussion featured Minister of Energy of the Russian Federation Alexander Novak, Minister of Energy, Industry and Mineral Resources of the Kingdom of Saudi Arabia Khalid A. Al-Falih, Gazprom Neft Chairman of the Management Board and CEO Alexander Dyukov, IHS Markit Vice Chairman Daniel Yergin, Rosatom Director General Alexey Likhachev, Fortum Corporation President and CEO Pekka Lundmark, and NOVATEK Chairman of the Management Board and Member of the Board of Directors Leonid Mikhelson. CNBC Anchor Geoff Cutmore moderated the conversation.