Indonesia announced that it will continue to ban coal exports

Indonesia is the world's leading producer of thermal coal. A few days ago, it announced a ban on coal exports in January to ensure the supply of domestic thermal power plants even as exemptions for some fully loaded ships allowed to depart.

Indonesia banned coal exports after state-owned power company Perusahaan Listrik Negara faced an increasingly depleted stockpile, leading to the risk of power shortages for tens of millions of people. This decision immediately sent global coal prices higher and was accompanied by protests from countries in the region, including Japan and some Chinese customers.

As domestic stocks were restored, Indonesia allowed 37 ships full of coal to leave. Jodi Mahardi, a spokesman for the Indonesian fuel ministry, said the ships were carrying about 1 million tons of coal. It is insignificant compared to the monthly export volume of 40-50 million tons.

The Indonesian side said it wants to closely monitor the export process so that it can improve domestic management and prevent shortages in the future.

In recent months, energy security has become a prominent concern of governments around the world, especially as supply chain disruptions cause fuel shortages from China to Europe.

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