Russia eyes long-term coal exports to India amid 500-year reserve boost

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Russia eyes long-term coal exports to India amid 500-year reserve boost - Business Standard

Quick Summary:

The new environment-friendly and safe coal mining hubs will provide up to 250 million tonnes of additional production capacity by 2025, Russian Energy Minister Alexander Novak said in an article.

Russia's coal reserves are enough to meet demand for more than five centuries and the country sees vast potential for cooperation with India, Russian Energy Ministry Officials here have said.

Russia is one of the leading coal suppliers to India by volume, Novak, who holds the rank of Deputy Prime Minister in the Russian cabinet, said.