US coal exports surge on sales to Europe, Asia



Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

BILLINGS, Mont. (AP) — U.S. coal exports rose sharply in early 2017 amid increased demand in Asia and Europe.

The U.S. Department of Energy said Tuesday that exports are up by 8 million tons to 22.3 million tons through March.

That's a 58 percent jump over the 14.1 million tons exported during the same period in 2016. The increase comes after five years of declines.

Exports volumes were up most significantly through ports in Norfolk, Virginia; New Orleans and Seattle. Top destinations for U.S. coal were the Netherlands, South Korea and India.

Despite the increase, volumes remain well below industry expectations when plans were announced over the past decade to build or expand coal ports in Oregon, Louisiana, Washington state and California.

Most of those projects have stalled or been cancelled. Federal officials say there's still more export capacity than needed.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast