Galilee calms early peak qualms

NEW South Wales Minerals Council CEO Stephen Galilee has countered a claim that Chinese demand for the state’s coal may peak by 2016.
Galilee calms early peak qualms Galilee calms early peak qualms Galilee calms early peak qualms Galilee calms early peak qualms Galilee calms early peak qualms

 

Blair Price

The call was made by Ohio-based anti-coal activist-linked Institute for Energy Economics and Financial Analysis, which attributed its forecast to figures from China's National Energy Administration.

Galilee told the ABC that while China’s growth rate of coal consumption was slowing, any increase was a big number based on its existing consumption scale.

"The International Energy Agency predicts that while the rate of growth in that energy demand is going to slow, by 2035 China will still be using coal for around 75% of its energy needs," he reportedly said.

"We're talking about a very big market for coal, we're talking about a slowing of the rate of growth – but growth none the less.

"All the forecasts we are seeing are for increased strong demand for our coal into Asian markets, particularly China and India."

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