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The new step in coal imports of Vietnam

The new step in coal imports of Vietnam - 

A coal 5 million ton distribution cooperation agreement between the Otran Energy Company (Otran Group) and the Mercator Group – India is considered a large and diverse supply resource for Vietnam coal market.

According to Mr. Tran Van Nghia - Chairman of the Management Board of the South Otran JSC, this coal distribution agreement implemented in two years (2015-2016) will participate in coal supply for the market of serious shortage due to also a good signal for the supply of coal is a critical shortage disasters and floods in Quang Ninh province that influences the Vietnam coal industry.

The domestic coal exploitation ability of Vietnam expects to reach 43,8 million tons in 2016 only.

According to the General Department of Energy (Ministry of Industry and Trade), total coal demand of the country in 2016 expects 41.8 million tons in 2016, 74.9 million tons in 2020 and 143.7 million tons in 2030, but the domestic exploitation ability of domestic exploiting of Vietnam will be in turn as 43.8 million tons in 2016; 50.4 million tons in 2020 and 57.5 million tons in 2030.

Therefore, the import coal could be foreseen as 26.5 million tons to 2020 and 88.2 million tons to 2030

Otran company has a great advantage to participate in coal import and distribution. Besides, in order to ensure coal safe, stable and sustainable development, Otran has found out about to combine with the coal mines of the large reserve, good and stable quality for long-term cooperation.

Otran owns a 5 member company system in Hanoi, Ho Chi Minh City, Dong Nai, Vung Tau, Quang Ninh, Hung Yen provinces with a total turnover of more than VND10 trillion in 2014 by the main operations in agricultural product import-export, oil production, port and terminal depot development and service.

In port and terminal depot development and service, Otran is a strategic partner of the SP - SPA International ports and a large shareholder of Thi Vai synthetic port that owns a 24 ha area, close to the SP-SPA ports. Currently, this site was replanning with a 11 ha area reserved for coal dump.

Mercator Group (India) owns four coal mines in Indonesia with a reserve over 100 million tons and a coal mine in Mozambique with an about 3 billion ton exploring reserve. Annually, Mercator exports nearly 10 million tons of coal from Indonesia.

According to Mr. Tran Van Nghia, a perfect combination between Otran Group and Mercator will bring great success for Vietnam coal industry.

VietnamEnergy.vn

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