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Gazprom Moves Into Coal as a Way to Increase Gas Exports

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Gazprom moves into coal by acquiring the Siberian Coal and Energy company. This is part of a strategy to increase use of coal to generate electricity and free up natural gas for more exports. Russia generates 43% of electricity from natural gas and 23% from coal and is wasteful in its use of natural gas. According to EIA US generates 49% of its electricity using coal. Russia's state electricity company is being broken up and the coal assets are now being absorbed into Gazprom with the intention of using coal to generate electricity and saving up natural gas for increasing exports.


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