Egyptian ports, including Alexandria, Dekhila, and East Port Said, are set to receive 245,000 tons of coal and petroleum products from the US and Spain. The coal will be used by cement companies that rely on it as a fuel source. According to the Egyptian Maritime Transport Sector, which oversees the country's ports, East Port Said will receive a shipment of Russian coal, weighing 73,000 tons, for Reliance Logistics.
East Port Said will also receive another shipment of coal, weighing 4,000 tons, for Midcom Aswan Cement, and a third shipment of 15,000 tons for the National Cement Company in Beni Suef. Meanwhile, Dekhila Port will receive a shipment of petroleum coal from Spain, weighing 12,000 tons, for the Ameria Building Materials Company. Additionally, Alexandria Port will receive a shipment of Spanish petroleum coal, weighing 20,000 tons, for Asyut Cement.
Dekhila Port will also receive a shipment of American coal, weighing 25,000 tons, for the Alexandria Portland Cement Company. Another shipment of 16,500 tons of American coal will be received by Dekhila Port for Beni Suef Cement. Furthermore, Dekhila Port will receive a third shipment of 20,000 tons of American coal for the Egypt Engineering Development Company, also known as Midcom.
East Port Said will receive a shipment of coal from the US, weighing 59,700 tons, for the National Cement Company in Beni Suef. The Egyptian ports' reception of these coal shipments comes as the global demand for coal is expected to rise. According to the International Energy Agency, the ongoing closure of the Strait of Hormuz is driving up global demand for coal.
The International Energy Agency reported that the war on Iran led to a sharp decline in liquefied natural gas supplies and a significant increase in its prices. As a result, countries with gas-powered power plants and available coal-fired power plants have increased their electricity generation using coal to compensate for the lack of gas supplies and high costs.
The agency noted that coal consumption in major markets, including Europe, Japan, Korea, and China, has exceeded previous expectations due to the shift to coal amid energy supply disruptions. The International Energy Agency has raised its forecast for global coal demand in 2026, expecting it to increase by 1.2% compared to the previous year.
The agency's forecast now predicts that global coal consumption will reach a record high of 8.94 billion tons in 2026. The increased demand for coal is driven by countries seeking to meet their energy needs amid supply disruptions and price volatility in the global energy market.
Key points
- Egyptian ports receive 245,000 tons of coal from the US and Spain for cement companies.
- Global demand for coal is expected to rise due to supply disruptions and price volatility in the global energy market.
- The International Energy Agency forecasts global coal consumption to reach a record high of 8.94 billion tons in 2026.
