By Fransiska Nangoy and Bernadette Christina
JAKARTA (Reuters) – Indonesia said on Thursday it would allow 37 ships loaded with coal to depart, in the most important sign yet that the world’s biggest exporter of thermal coal is relaxing its ban on shipments.
A top minister said in a statement that the ban implemented on Jan. 1 was relaxed for miners who had complied with the requirement to sell a part of their output for local power generation, after the state utility acquired enough coal to guarantee 15 days of operation.
Later on Thursday, 18 of the vessels, carrying about 1.3 million tonnes of coal, secured the Energy Ministry verification required for departure authorization, according to a document reviewed by Reuters.
Indonesia established the export ban after state power company Perusahaan Listrik Negara (PLN) reported critically low coal inventories at power plants and said Indonesia was on the verge of widespread power outages. The ban sent shockwaves through global energy markets, especially Indonesia’s biggest coal customers, including Japan and South Korea.
Indonesian authorities blamed the coal supply crisis on miners who failed to fulfill their obligations related to the domestic market.
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