OR, WA Coal Export Terminals Threatened By Falling Asian Prices

"Three years ago, coal was hot. Stoked by insatiable coal-fired Chinese power plants, international demand boomed. Prices soared. Phones rang frequently at Oregon and Washington ports. On the other end? Eager investors hoping to snatch up land to build export terminals to quench Asian demand. How things have changed."

"Today, coal prices have slumped. Exports have shrunk. Three coal terminals proposed in the Pacific Northwest have been abandoned. And industry analysts say the three that remain look precarious."

Rob Davis reports for the Portland Oregonian December 13, 2013.

SEE ALSO:

"Coal's Grim Forecast: Projects May Be 'Stranded' By Falling Chinese Demand" (Guardian)

"Federal Export Bank Limits Coal Plant Financing" (National Journal)

"The Export-Import Bank Stops Funding Coal Projects Abroad" (Mother Jones)

"Four Proposed Coal Export Terminals Have Now Failed This Year Due To ‘Diminished’ Market" (Climate Progress)

"Spot Metallurgical Coal in U.S. Slumps on Sparse Export Demand" (Bloomberg)

"Thousands Weigh in on Coal-Export Plan" (AP: November 18, 2013)
 

Source: Portland Oregonian, 12/16/2013