SOURCE: Paragon Report

Paragon Report

January 14, 2013 08:20 ET

By 2017 Coal Projected to Rival Oil as World's Top Energy Source

The Paragon Report Provides Stock Research on CONSOL Energy Inc. and Natural Resource Partners LP

NEW YORK, NY--(Marketwire - Jan 14, 2013) -  After a dismal 2012, the Coal Industry looks to be on the upswing as a recent report from the International Energy Agency predicts global coal demand to increase at an average of 2.6 percent a year over the next five years. The Paragon Report examines investing opportunities in the Coal Industry and provides equity research on CONSOL Energy Inc. (NYSE: CNX) and Natural Resource Partners LP (NYSE: NRP).

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According to the IEA's Medium-Term Coal Market Report by 2017 coal is expected rival oil as the as the world's top energy source. Coal's global growth is largely dependent on Chinese demand, as China has surpassed Japan as the world's largest importer of coal.

"This report sees that trend continuing. In fact, the world will burn around 1.2 billion more tons of coal per year by 2017 compared to today -- equivalent to the current coal consumption of Russia and the United States combined. Coal's share of the global energy mix continues to grow each year, and if no changes are made to current policies, coal will catch oil within a decade," said IEA executive director Maria van der Hoeven.

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CONSOL Energy is one of the nation's largest coal producers with more than 4.5 billion tons of proven and probable reserves. With 96 percent of its coal coming from underground, the company is also the largest producer of coal from underground mines. The company recently announced that it sold non-producing western Canadian coal assets for proceeds of $127 million.

Natural Resource Partners L.P. is a master limited partnership that is principally engaged in the business of owning and managing mineral reserve properties. The company owns coal reserves in the three United States coal-producing regions: Appalachia, the Illinois Basin and the Western United States, as well as lignite reserves in the Gulf Coast region.

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