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Commodities

Russia to take on Australia and Indonesia in Asian coal market

Tough share battle likely as consumption declines in Europe

SUEK, Russia’s largest coal producer, intends to boost sales to Thailand, Vietnam and other Southeast Asian countries. (Courtesy of SUEK).
SHOTARO TANI, Nikkei staff writer, and NATSUKI KANEKO, Nikkei assistant politics & economy editor | Southeast Asia

JAKARTA/TOKYO -- Competition is likely to heat up in the Asian coal market as Russia seeks new buyers, challenging traditional suppliers Australia and Indonesia.

Russia is looking to Asia, where demand for the commodity is likely to grow as many new coal-fired power plants are about to go online in India and Southeast Asia.

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