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Indonesia bans coal exports in January over domestic supply worries

  1. 7 Posts.

    Interesting news out of Indonesia...

    https://www.thejakartapost.com/business/2022/01/02/indonesia-bans-coal-exports-in-january-over-domestic-supply-worries.html

    Indonesia, the world's biggest exporter of coal used in electricity generation, on Saturday said it has banned January exports of the fuel in a move aimed at safeguarding its domestic power supply.
    Rising demand for electricity in the country risks widespread blackouts unless more supplies are diverted to power stations, the Ministry of Energy and Mineral Resources said in a statement.
    Indonesia exports the majority of its coal but mandates that producers must set aside minimum amounts to supply the nation's power plants.

    Sort of makes the bridge delays moot!

    Not that it will have any real effect on delivery, but lets hope this is just of thermal coal that is banned. May provide a buying opportunity if the market panics!!!

 
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