• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 10 hours The Political Debacle: Brexit delayed
  • 14 hours Trump sells out his base to please Wallstreet and Oil industry
  • 12 hours No Mercy: EU Fines Google $1.7 billion For Abusing Online Ads Market
  • 13 hours 3 Pipes: EPIC 900K, CACTUS II 670K, GREY OAKS 800K
  • 21 hours Tidal Power Closer to Commercialisation
  • 11 hours New Rebate For EVs in Canada
  • 22 hours Will Trump Cave Again
  • 23 hours Read: OPEC THREATENED TO KILL US SHALE
  • 22 hours Solar to Become World's Largest Power Source by 2050
  • 5 hours Trump Tariffs On China Working
  • 12 hours Biomass, Ethanol No Longer Green
  • 3 hours Boeing Faces Safety Questions After Second 737 Crash In Five Months
  • 1 day Oil stocks are heating up again! What's on your Watchlist?
Asian LNG Prices Hit Three-Year Lows

Asian LNG Prices Hit Three-Year Lows

Spot prices for LNG in…

World’s Top Commodity Trader Sees Peak Oil Demand Looming

World’s Top Commodity Trader Sees Peak Oil Demand Looming

Vitol, the world’s largest independent…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Protests in India Could Curtail Coal Production

Officers at India’s state-owned coal company plan to go on a three-day strike over pay, which could cut into India’s coal production. Coal India, the world’s largest coal producer, is responsible for 80% of India’s coal output. Shortages are a constant problem for India, which is becoming more dependent on foreign suppliers for coal. "Coal Mines officers' Association of India has served a strike notice ... against non-finalization of performance related pay, new pension scheme and other demands," the company said in a statement, according to Reuters.

Coal is India’s primary source of energy. India has the fifth largest coal reserves in the world, but struggles to produce enough coal to keep the lights on. Employee strikes, permit delays, and general inefficiencies plague the coal giant, which often misses its production targets. The coal sector is dominated by two state-owned companies, including Coal India, which more or less have a monopoly on the market.

Related Article: Another Nation Goes Coal Critical

The impacts of the strike could be blunted by the fact that only 19,000 of the company’s 349,000 employees are officers. But the pending strike could knock off 1.5 million tonnes-per-day of coal production, putting strains on domestic supplies. India, already the world’s third largest importer of coal, may have to turn to international markets for more coal.

And it has had to do so more and more every year. There is an enormous amount of pent up demand with hundreds of millions of people still without power. Demand has increased about 7% per year, but production has not kept up. That forces the country to rely on imports. Coal imports jumped to 152 million tonnes in 2013 from a year earlier, a 21% increase. On average, imports have grown by 13% per year since 2001, according to EIA data.

By James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News