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Company News

  • 23/11/2012
    The Energy Investment Company Launched a New Product - BKO (25-100) Lump Brown Coal
  • 29/10/2012
    The Energy Investment Company Opened a New Iskrenne Railway Station of the Odesa Railway for Brown Coal Transport Operations
  • 25/10/2012
    The Energy Investment Company Has Complete Overburden Works at the Brown Coal Deposit
  • 26/09/2012
    The Energy Investment Company Took Part in the Energy in Industry 2012 Exhibition




Steam Coal And Lignite May Substitute Oil On The Energy Market

One of the world's major energy sources by 2017 will be coal, experts predict. According to the study, the world major importer of fuel will be India, while the biggest consumer will be China. Switching to coal will negatively affect ecology, experts say, but such forecast is unlikely to come true. 
Coal will regain its position as one of the world most important fuel, according to the World Energy Agency. According to the study, the share of coal in the global energy mix by 2017 will be almost equal to the share of oil as a primary energy resource in the world. The main drivers of this growth will be China and India. The report noted that the leader of demand for coal will be China, while and India will become the largest maritime importer of raw materials. The economies of these two countries are developing rapidly, but they have to save energy resources, said the BCS analyst Oleg Petropavlovskiy. 
“Coal is much cheaper than oil, so the industry got these optimistic forecasts. Of course, consumption of coal, particularly steam coal may grow with China development, which generates 90% of electricity from coal, but there are very significant environmental issues. Even the Chinese economy may switch to more eco-friendly raw materials, unless, of course, there is a technological breakthrough that will allow to use coal in a more environmentally friendly way”, - he said. 
According to experts of the World Energy Agency, demand for coal in the next five years will grow in all regions of the world except for the U.S., where it is replaced with gas.