Maintenance at Russia’s Ust Luga coal terminal will have a temporary effect on thermal coal export capacity from Russia, but this is not expected to have much of an impact on the delivered-Europe price, sources said
Maintenance at Russia’s Ust Luga coal terminal will have a temporary effect on thermal coal export capacity from Russia, but this is not expected to have much of an impact on the delivered-Europe price, sources said. The maintenance could reduce coal export capacity by as much as 1 million-2 million mt over the next few months while work on the terminal is carried out, sources said. But some sources said they doubted the reduction would have much impact on the market, saying Russian coal was exported via several terminals in the Baltic region that could absorb the lost capacity from Ust Luga. Ust Luga’s export capacity is 20 million mt/year, according to the terminal’s website.
