Russia is expected to overtake Indonesia as the biggest exporter of coal by 2040, as the Southeast Asian country’s thermal coal production stagnates, the International Energy Agency said Wednesday. In the report, IEA Southeast Asia Energy Outlook, released at the Singapore International Energy Week 2019, the agency said that with stagnating investment in coal mines in the 2020s, Indonesia will likely see its output decrease through 2030. Indonesia is the world’s largest thermal coal exporter and accounts for almost 90% of Southeast Asia’s coal production, IEA said in its report. The IEA stated that in its outlook scenario, Indonesia’s exports are likely to decline from 350 million mt of coal equivalent presently to 210 million mt of coal equivalent in 2040. The outlook scenario is based on present-day policy framework, the report noted. “A growing share of production is destined to serve increasing domestic demand, while […]