Subscribe free to our newsletters via your
. 24/7 Space News .

Outside View: Asia's growing coal markets
by Lee Kyungro
Seoul (UPI) Jan 13, 2013

disclaimer: image is for illustration purposes only

In most countries, coal-fired power plants are the main source of electricity due to their safety, reliability and cheaper operating cost and my home country of South Korea is no exception.

One-third of South Korea's electricity is generated by coal-fired plants. And, a recent South Korean government study states, the capacity of South Korean coal plants is expected to double by 2027.

That means South Korea is going to need to find new, reliable suppliers of coal to meet the country's growing energy demands.

But it's not just South Korean where the demand for energy is growing. This increased global competition for coal means it's also imperative that appropriate steps are taken to enhance South Korean energy security. This means diversifying the places from which we import coal.

Currently, South Korean power companies, or Gencos, which include five coal-generating power companies including the Korea East West Power Co., are combining to import roughly 5 million tons of Powder River Basin coal from the Westshore Coal Terminal in Vancouver, British Columbia. This is roughly equivalent to 7 percent of South Korea's yearly demand for coal.

Due to a variety of forces, including fluctuating policies on exports by the countries providing the bulk of coal for South Korea, the Gencos are placing a renewed priority in the years ahead on establishing a more reliable supply chain through, in part, the diversification of the supplying countries. And the companies are very interested in additional coal from the Powder River Basin because, among other factors, it is considered to be among the cleanest burning coal in the world due to its low sulfur, nitrogen and homogeneity.

The environmental impacts of coal burning is something South Korean energy companies are truly concerned about, which is why every one of the state's power plants operates desulfurizers and DeNOx facilities and emit 70 percent lesser greenhouse gases than the national legal standard.

South Korean power plants are also making every effort to minimize any future affects associated with the increased burning of fossil fuels. For example, one of the facilities is operating the carbon capture technology in order to minimize the emission of greenhouse gas.

Given it is cleaner burning, demand for Powder River Basin coal the world over is expected to grow gradually in the near future. However, the current export volume through the existing terminals on the Canadian West Coast is insufficient to accommodate the expected future demand.

The major stumbling block to increasing the export of Powder River Basin coal to Asian markets is the lack of a suitable coal terminal on the West Coast of the United States. With the energy demand growing by the day in Asia, it makes plenty of sense that several proposals to build new coal export terminal are under review. These new export terminals will help certain Asian countries, including South Korea, whose power supply depends largely on coal fired power generation, to secure reliable coal suppliers and diverse their supply channels with economic benefits.

Considering there are enormous coal reserves in Power River Basin coupled with good quality and highly reliable mining operations, allowing new coal export terminals on the West Coast of the United States will benefit all parties. Coal-importing countries in Asia and throughout the Pacific will be able to diverse their supply channels while simultaneously helping U.S. coal mining companies find a breakthrough from competition with natural gas prices.

(Lee Kyungro, is managing director of the Fuel and Resources Strategy Division for one of South Korea's power companies, the Korea East West Power Co. in Seoul.)

(United Press International's "Outside View" commentaries are written by outside contributors who specialize in a variety of important issues. The views expressed do not necessarily reflect those of United Press International. In the interests of creating an open forum, original submissions are invited.)


Related Links
Powering The World in the 21st Century at

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Poland's PGE OKs $3.78 billion expansion of Opole coal-fired plant
Opole, Poland (UPI) Jan 10, 2013
Construction will begin next month on 1,800 megawatts of new coal-fired generating capacity at Poland's Opole Power Plant, owner PGE announced this week. A statement released Thursday by the state-owned power producer said its management board had approved a program of internal financing to build two 900-megawatt generators in a $3.78 billion expansion of the Opole plant, to be designed ... read more

Wake Up Yutu

Chang'e-3 satellite payload APXS obtained its first spectrum of lunar regolith

Chang'e 3 Lander and Rover From Above

China's moon rover "sleeps" through lunar night

Who Wants to Go to Mars - One Way?

More than 1,000 chosen for one-way Mars reality-TV mission

One-way trip to Mars? Sign me up, says Frenchwoman

Clues from Orbit Aiding Exploration Of Opportunity Rover

Technology aims for perfect jump shot, golf swing

Toymakers target 'kidults' at high-tech Hong Kong fair

China has world's most outbound tourists

An astronaut's rhythm

China launches communications satellite for Bolivia

China's moon rover continues lunar survey after photographing lander

China's Yutu "naps", awakens and explores

Deep space monitoring station abroad imperative

Obama Administration Extends ISS Until at Least 2024

NASA extends space station life to 2024

New Science Bound for Station on Orbital's Cygnus

CU-Boulder to fly antibiotic experiment on ants to space station

Orbital Sciences launches second mission to space station

Cygnus Heads to Space for First Station Resupply Mission

Orbital to attempt launch to space station Thursday

'20 years of toil has paid off' Says Radhkrishnan

NASA's Kepler Provides Insights on Enigmatic Planets

Powerful Planet Finder Turns Its Eye to the Sky

New kind of planet or failed star? Astrophysicists discover category-defying celestial object

SF State astronomers discover new planet in Pisces constellation

Towards perfect control of light waves

GPM Completes Spacecraft Alignments

S. Asia takes 71 percent of market for ship breaking

3D printing poised to shake up shopping

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement