https://www.miningweekly.com

Consol Energy has already sold almost half of next year's coal output

10th February 2022

By: Bloomberg

  

Font size: - +

Consol Energy has sold almost all the coal it expects to dig up this year and lined up buyers for almost half of next year’s production, a sign that US miners see strong demand continuing for the dirtiest fossil fuel.

Consol is “near fully-contracted for 2022” and has contracts to deliver 11.4-million tons of coal next year, the Canonsburg, Pennsylvania-based company said this week. 

The miner produced 23.7-million tons last year, with about 63% going to power plants and the rest to steel producers.

US coal consumption climbed 14% last year as a global energy crisis drove up demand for fossil fuels, and demand is expected to remain near current levels through 2023, according to the US Energy Information Administration. High natural gas prices are prompting utilities to burn more coal, and suppliers are selling as much as they can produce. American miners have been sold out for 2022 for months, and stockpiles have slumped to record lows.
 

Edited by Bloomberg

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ASTPM
ASTPM

Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...

VISIT SHOWROOM 
CSIR International Convention Centre (CSIR ICC)
CSIR International Convention Centre (CSIR ICC)

CSIR International Convention Centre (CSIR ICC) - the leading conference and events venue in Pretoria/Tshwane.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.057 0.997s - 128pq - 2rq
Subscribe Now