India won’t save Aussie coal (or LNG)

Wednesday, 4 November 2015

From the AFR:

“The growth in India’s coal consumption is not going to be met by the seaborne market [imports],” said Kobad Bhavnagri the Australian head of Bloomberg’s research and consulting arm.

The firm is forecasting India’s electricity demand to increase more than three-fold over the next 35 years.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.