Russian media: Russia is China Coal's most suitable partner

China and Russia signed the "road map" for coal cooperation. Russian Deputy Minister of Energy Anatoly? Yanovsky and Shi Yubo, deputy director of the China Energy Administration, signed the document. The "road map" stipulates that large Chinese companies can participate in Russian domestic projects.

Among them, the "Mitchell" company and China Shenhua Energy share reached a consensus on the joint exploitation of the Eljid coal mining area. The proved reserves in the mine area are 2.2 billion tons, and the first batch of mining will be carried out in 2017. The annual total volume is about 12 million tons. In addition, Shenhua Company is also interested in the construction of a transport infrastructure for the Omisukchang coal area and the Magadan and Oriental Mining companies. The “Russian Map” was also included in the “Russian Technology” group and “Shenhua” mining of the Ogo Gold coal area in the Far East and the construction of the “Vila Port” project on the coast of Japan Sea. The investment in these two major projects is about 10 billion U.S. dollars. In addition, China Coal Energy Co., Ltd. is also preparing to extract large coal areas in southern Yakutia. The coal area has more than 40 million tons of coking coal and fuel coal reserves. The Russian Savings Bank and China Development Bank are the culprits of these joint projects.

According to Sergei, Director of the Russian National Energy Institute? Pravosudov said that China’s interest in Russian coal is not accidental. He said: "The consumption of coal in China is very high, even exceeding the total amount of use in the world. In recent years, China has become an importer. And the problem is that China's coal mining costs are higher than With imports, the mines are getting deeper and deeper, and the number is also falling drastically. It can be said that mining cannot meet the increase in demand. Therefore, China has to increase imports and prepare to invest in coal projects around the world. Russia is a close neighbor and is the most suitable partner. All these projects are beneficial to both parties."

It is worth pointing out that the quality of China's coal is also relatively poor and it cannot be used in the metallurgical industry. Moreover, a large amount of harmful substances are thrown into the surrounding environment during the combustion process. But China's transition to "green" energy is not something that can be done overnight. Sergey? Pravosudov pointed out this way.

He said: "China has announced a strategy to transition most of its power plants and vehicle fuels to natural gas. This is mainly related to the serious ecological environment in large cities. It is clear that this transition will be gradual and only in large cities. At the same time, most of China’s borders will also be plagued by haze. It can be said that coal will continue to be a major component of China’s energy balance for a long time.”

According to the assessment of experts, the development of the Russian coal sector will depend mainly on exports to the Asian countries in the East. According to statistics, the export volume of Russian coal to the east increased by 15% in the first half of this year. It is predicted that by the year 2030, the coal market in the Asia-Pacific region will increase 1.5 times, while Russia’s share will also increase from the current 6% to 15%.