Russian coal market participants meet at Argus conference in Moscow
The Argus Russian Coal Market 2020 conference was held on 20 February in Moscow. The event brought together more than 150 participants from 20 countries including Russia, Turkey, the UAE, China, Kazakhstan, Latvia, Switzerland and others. The conference was attended by major producers and buyers of Russian coal, international trading firms as well as representatives of metal and energy companies, transport operators, ports and financial institutions.
The event was sponsored by KRU Overseas.
During the first part of the conference, changes in global coal demand and their influence on Russian coal exports were discussed.
Sergey Mochalnikov, Head of the Coal and Peat Industry Department of the Ministry of Energy of the Russian Federation, presented a strategy for the development of the Russian coal industry to 2035. Specifically, he noted that Russia has steadily ranked third in global coal exports after Indonesia and Australia.
Carlos Fernandez Alvarez, Senior Analyst at the Paris-based IEA, provided a forecast of global coal consumption and changes in energy balance.
Natalya Yakovenko, Deputy Head of the Department for Regulation of the Fuel and Energy Sector and the Chemical Industry of the Ministry of Energy, spoke about the development of competition in the coal industry.
The editor of Argus Coal Daily International, Jake Horslen, discussed the prospects for exporting Russian coal to Asia-Pacific and analysed the major markets such as Japan, South Korea, India, Vietnam and the Philippines. The subject was continued by Argus lead analyst William Wang, who joined the participants via a video conference call from China. He spoke about the impact of the coronavirus epidemic on the coal market in China and highlighted the prospects for imports to the country amid increased competition between Russian, Australian and Indonesian suppliers.
The cement market in Turkey was introduced by Arda Aba, Purchasing Manager at Çimsa Çimento Sanayi Ve Ticaret, who analysed the demand for coal in the region.
Pablo Bauquier, General Representative of Total Eren in Russia, who attended the conference as an independent expert, spoke about the existing practices of integrating renewable energy sources and their impact on the fuel balance of European countries.
In addition, carbon regulation of the Russian coal industry and price forecasting in the financial coal markets were discussed during the first session.
A key topic of the conference was transport infrastructure and the challenges facing Russian coal exports. The representatives of OTEKO, Morstroytechnology, UCL Port, Institute of Natural Monopolies Research and others spoke at the session dedicated to this topic. Participants discussed the outlook for coal exports in light of the increasing transportation and handling costs.
In the final part of the conference, the development of the coal industry and investment in new projects were discussed.
The event closed with a cocktail reception at the Conservatory restaurant offering a panoramic view of the centre of Moscow.