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US Coal Consumption in 2020 to Decline by 29% YoY

Coal News - Published on Wed, 12 Aug 2020

Image Source: US Coal Consumption
US Energy Information Administration’s August Short Term Energy Outlook says that US coal consumption, which dropped to its lowest point since April, totalled 95 million short tons in the second quarter of 2020. EIA expects coal consumption to rise to a seasonal peak of 127 million short tons in the third quarter but remain lower than 2019 levels through the end of 2020. EIA estimates that US coal consumption will decrease by 26% in 2020 and increase by 20% in 2021. EIA estimates that total US coal production in 2020 will decrease by 29% from 2019 levels to 502 million short tons. In 2021, EIA expects higher demand and rising natural gas prices to a lead to a recovery in coal production of 12%, with a total annual production level of 564 million short tons.

Coal consumption, which has declined since its 2007 peak, fell to its lowest point in EIA’s monthly records in April. The 27.4 million short tons of coal consumed in April 2020 was 27% less than the 37.4 million short tons consumed in April 2019.

US coal consumption has been declining since its peak in 2007 of 1.1 billion short tons. In 2019, US coal consumption totalled 590 million short tons.

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Posted By : Yogender Pancholi on Wed, 12 Aug 2020
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