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US on the verge of becoming major coal exporter

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New coal loading facilities on the Mississippi river that load US coals onto international ships for destinations in Europe and Asia.
Photo credit: 
Richard Morse

As abundant domestic natural gas production erodes coal’s market share in the US, coal producers are looking to overseas markets for growth. At the Argus Americas Coal Summit, Richard Morse gave a presentation discussing the competitive dynamics of US coal exports in world markets. Morse argued that conditions for expansion of US steam coal exports are favorable, but key risks remain that could make or break this “globalization” of the US coal market.