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China turns to stranded Australian coal amid power crisis

Vanguard One

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China is freeing Australian coal from bonded storage, despite an almost year-long unofficial import ban on the fuel, as power shortages deepen.

An estimated one million tonnes of Australian coal have been held in bonded warehouses along China's coast for months, uncleared by customs after Beijing's unofficial ban last October, Reuters reports.

But energy traders say China's growing power shortages have forced a U-turn.

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China is reportedly releasing Australian coal from bonded storage as the economic superpower faces crippling power cuts. (AP)


"Some of the Australian coal stuck at Chinese ports started to be released at the end of last month... though many of those (cargoes) had already been diverted to markets like India," one trader from eastern China said.

A second trader said the release from bonded storage would start this week.

Chinese officials have yet to comment.

But at one million tonnes, the equivalent of just one day of China's coal imports, the stock release will do little to meet the economic superpower's demand for coal.

Last October, China announced it would restrict imports of Australian coal in favour of both local production and imports from other suppliers, in a move that threatens the $14 billion Australian export industry.

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A family eats dinner under the light of torches and smartphones amid China's worsening power crisis. (AP)


The action was among other trade sanctions that targeted Australian exporters after the Federal Government criticised Beijing's handling of the pandemic.

China is one of the world's biggest emitters of climate-changing industrial gases and consumes more energy per unit of economic output than developed countries.

But factories have been closed or on shorter hours during past weeks to avoid exceeding limits on energy use imposed by Beijing to promote efficiency.

Meanwhile, China's energy consumption and industrial emissions have surged as manufacturers rush to fill foreign demand at a time when competitors elsewhere still are hampered by anti-coronavirus controls.


And residents of China's northeast, where northern autumn temperatures are falling, report power cuts and appealed on social media for the government to restore supplies.

Global financial markets are also concerned about the possible collapse of one of China's biggest real estate developers, Evergrande Group, which is struggling to avoid a default on billions of dollars of debt.


The CCP proving to the world what a bunch of stupid fools they are, now they are coming begging on their hands and knee's to a country they said they would destroy, lick those Aussie boots my CCP dogs LOLOLOLOLOLOLOLOL
 

MH.Yang

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China's Coal Import Statistics in 2021. The import of coal from Australia is close to zero.
Is this article written by Indians? So many will will will maybe maybe maybe…
 

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Wood

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India is also desperate for coal because of looming power shortages
 

jamahir

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India is also desperate for coal because of looming power shortages
Yes, there are IIRC 165 coal power plants in India and they provide a large part of India's power needs. And now many of them, or most of them, are very short on coal. I hope Australia, Russia - and I also see Indonesia as being among the top five leading coal producers ( @Indos ) - etc provide the coal to India, other than India's own coal production.

But I must ask, what were India's electricity scientists doing all these years not researching novel methods of electricity generation ? The American company NDB is developing a nuclear battery technology that uses radioactive carbon-14 encased within synthetic diamond to produce electricity by direct conversion of radioactivity to electricity. The technology will be portable, modular and is meant to be used for every application which requires electricity - from a heart pacemaker to a computer to a lamp to a space station. And then these Indian scientists could have looked at the animal world on Earth - imitation of the electric eel's property to generate up to 860 volts !
 

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