China is by far the world’s largest consumer of coal resources, with its annual consumption accounting for nearly one third of the planet’s
coal use. Different from the US, China has little oil reserve or natural gas. Thus, coal is the major source of energy in China. Over seventy
percent (70%) of China’s energy comes from coal. Reserves in the country are plentiful, but China needs improving management skills to
get more coal out from the ground. L&L has the analytical skills to help improving coal mining standards in China thus has a competitive
edge. With China economy growing approximate 10% annually, demand for coal and other energy sources is outstripping supply. Coal
demand in China has continuing increased 13% annually since 2004, but supply has only increased 7%.
coal use. Different from the US, China has little oil reserve or natural gas. Thus, coal is the major source of energy in China. Over seventy
percent (70%) of China’s energy comes from coal. Reserves in the country are plentiful, but China needs improving management skills to
get more coal out from the ground. L&L has the analytical skills to help improving coal mining standards in China thus has a competitive
edge. With China economy growing approximate 10% annually, demand for coal and other energy sources is outstripping supply. Coal
demand in China has continuing increased 13% annually since 2004, but supply has only increased 7%.
Chinese Energy Market
Demand for so-called "coking coals" has similarly risen.
Cleaner burning and generating more energy than
traditional burning coals, coking coals are used in the
production of steel and heavy irons that are the building
blocks of the country’s exploding physical infrastructure,
the growth of which is evident in the fast growing centers
in Beijing, Shanghai and virtually every corner of China.
China produced a total of 400 million tons of steel in
2006, a number that has grown annually by over 20%
since 2003. Steel production is expected to reach 550
million tons by 2010, and consumption is forecast to
account for 40% of global consumption. Whether
traditional burning coals to support basic energy needs,
or coking goal to fuel massive growth in Chinese
economic and physical infrastructure, demand for coal in
China continues to grow.
Cleaner burning and generating more energy than
traditional burning coals, coking coals are used in the
production of steel and heavy irons that are the building
blocks of the country’s exploding physical infrastructure,
the growth of which is evident in the fast growing centers
in Beijing, Shanghai and virtually every corner of China.
China produced a total of 400 million tons of steel in
2006, a number that has grown annually by over 20%
since 2003. Steel production is expected to reach 550
million tons by 2010, and consumption is forecast to
account for 40% of global consumption. Whether
traditional burning coals to support basic energy needs,
or coking goal to fuel massive growth in Chinese
economic and physical infrastructure, demand for coal in
China continues to grow.
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| L&L ENERGY, INC. |
