Skip to content

Putin Urges Russia To Boost Coal, Energy Exports

|
Nasdaq

President Vladimir Putin said on Monday that Russian energy companies should expand their export infrastructure and seek new markets for their products, including coal, with China seen as particularly important.

Speaking at a meeting with government officials and top managers of energy companies, Putin also said rivalry on global energy markets has heated up.

“The current business environment allows for Russia to expand its exposure to the global coal market, to strengthen its position and raise its market share,” Putin said at a meeting in Siberian city of Kemerovo, one of Russia’s coal mining centres.

Speaking at the same meeting, Russian Energy Minister Alexander Novak said that Russia plans to produce around 420 million tonnes of coal this year, surpassing a Soviet record high.

Full story