OP: US coal exports to Europe soar despite energy transition

ID 2463846 © Hasan Can Balcioglu | Dreamstime.com

Oilprice.com reports:

In the 12 months since the European Union sanctioned Russian coal in the third-quarter of 2022, U.S. coal exports to Europe have increased 22%, adding 5.7 million short tons (MMst) in a year, according to the Energy Information Administration (EIA). 

In a Thursday data release, the EIA said Europe received one-third of Russia’s total coal exports in 2021, totalling 84.6 MMst, prior to the invasion of Ukraine. Sanctions were implemented in April 2022, exempting pre-existing contracts, which expired in August ...