LNG oversupply could spell gory end for coal

Original article by Jens Meyer
The Australian Financial Review – Page: 33 : 25-Feb-16

A recent report from the World Bank forecast that the price of Australian thermal coal will rise to $US58 per tonne by 2020. The price of coal exported from Newcastle was trading at $US40 a tonne in late February 2016, having peaked at almost $US130 a tonne in 2011. Macquarie believes that consumption of thermal coal may have peaked, and it warns that a global oversupply of LNG could further reduce demand for coal.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, OIL SEARCH LIMITED – ASX OSH, WORLD BANK

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