Tag: FuelProcurement
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South Korea increases purchases of discounted Russian coal in Apr’26 as utilities optimise fuel costs
Total imports rise only 3% y-o-y, while Russian volumes surge 130% Widening price gap between Russian, Australian cargoes drives shift South Korea’s coal procurement strategy is increasingly tilting towards lower-cost Russian cargoes as utilities seek to manage fuel costs amid elevated thermal coal prices and tighter regional energy markets. The country imported 9.17 mnt of…