Botswana has received a large number of inquiries for coal from European buyers as European countries seek alternative energy sources after they announced ban on imports from Russia, President Mokgweetsi Masisi said on May 10.
He estimated coal demand from Europe may exceed 1 million tonnes per year.
Masisi said that Botswana has received demand from European governments and private companies at the same time, and it is expected that the monthly coal demand from Europe will be about 50,000 tonnes.
In addition, the country has also received invitations from other countries to sign long-term supply contracts, and the total annual demand is expected to reach 1 million tonnes.
According to the International Energy Agency (IEA), Botswana's coal production is limited and mainly exported to neighboring countries, but it plans to increase production.
International coal prices have more than doubled since the beginning of the year, and miners are actively increasing production to benefit from higher coal prices. However, Masisi stressed that all parties will remain committed to complying with the relevant provisions of the Paris Climate Agreement to reduce carbon emissions.
(Writing by Emma Yang Editing by Tammy Yang)
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