Barclays 2012 CEO Energy/Power Conference - Peabody Energy
Barclays 2012 CEO Energy/Power Conference - Peabody Energy
Barclays 2012 CEO Energy/Power Conference - Peabody Energy
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China Demand Expected to Grow~1.0 Billion Tonnes by 2016Tonnes in MillionsImports Expected to Double From 2011 to 2016● 240 GW of coal-fueledgeneration expected tocome on line by 2016– Much of buildout occurring incoastal areas– Represents >800 MTPY ofthermal coal use over time● China NDRC seeks cokingcoal production limits for“special and scarce”resource● China reducing domesticproduction; continuing toclose small inefficient mines5004504003503002502001501005003734China Gross Coal ImportsMet32008Thermal1253590200918647139201022345178201129055235<strong>2012</strong>P400 - 450100-110300-3502016PSource: <strong>Peabody</strong> Global Analytics, China National Bureau of Statistics. 2008, 2009 imports exclude „other lignite‟ product, now reported in total import figures.Projections assume 7.5% China GDP growth, as outlined in 12 th Five-Year Plan.10