Managing editor, thermal coal, S&P Global Platts
Southeast Asia is set to be the next demand growth region for thermal coal, following on from the rise of China and India as gigantic import markets for the seaborne-traded generation fuel.
Cambodia, Malaysia, Myanmar, the Philippines, Thailand and Vietnam are all building a new generation of super-efficient coal-fired power plants to increase their electricity generation from thermal coal.
Indonesia has been a dominant supplier to these countries but expansion plans for thermal coal generation herald a new era for the Asian thermal coal market that could see new trade routes emerge for export shipments from Australia, Colombia, Russia and the United States.
China and India, meanwhile, have both matured in terms of their import demand and both are looking to overhaul their own domestic coal industries to decrease their dependence on imports.
Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.