India, the world’s third-largest coal consumer, is one of the most appealing markets for Australia’s thermal coal to meet its increasing energy requirements, according to a new report.
According to ‘The Coal in India 2019” report, prepared by Australia’s Office of the Chief Economist, Australia is not a significant supplier of thermal coal to India despite India’s imports growing by 84 million tonnes in the past five years.
The report said that India was the world’s third-largest coal consumer behind China and the United States, and the share of coal in India’s electricity mix was rising.
Indonesia was the main supplier for India for thermal coal while Australian exports were going to China, Japan, and South Korea, the report said,
