Coal news and updates

Top Thai Coal Producer to Boost US Shale Gas Investments

• Banpu seeks US deals as it aims to reduce its reliance on coal
• Company is in talks to acquire more power assets in Texas

Banpu Pcl, Thailand’s largest coal producer, plans to boost its investments in US shale gas as it prepares for the New York listing of its American unit this year.

The Bangkok-based company is speeding up acquisitions in the US as it reduces its reliance on coal, said Chief Executive Officer Somruedee Chaimongkol. “There remains a vast potential of power and natural gas business in the US that can help Banpu achieve its shift away from coal,” she said in an interview Monday.