Baltic Coal Terminal

From Global Energy Monitor

The Baltic Coal Terminal is a specialized coal terminal at Ventspils Port in Latvia. The Ventspils Port also exports coal through the Ventspills Commercial Port terminal.


The terminal is located in the Free port of Ventspils, Latvia.

Loading map...

Terminal and proposed expansion

The construction permit for the proposed coal terminal was issued by the Ventspils City Council in July 2005.[1]

The coal terminal was officially opened on November 24, 2008.[2] The main purpose of the terminal is to store and ship Russian coal to Western Europe and the USA.[3]

The annual capacity of the terminal is six million tonnes of coal. Owner JSC Baltic Coal planned to expand capacity to 10.5 million tonnes, although the timetable was unclear. The construction of a second berth was described as "started" in 2013.[4] In 2013, the Freeport of Ventspils Authority also reported "Jetty No.1 [was] getting dismantled with an aim to start the second round of 'Baltic Coal Terminal' development and boost turnover up to 10 million tons." [5]

However, as of 2021, the capacity is still listed as 6 million tons per annum.[6][7] The proposed expansion may be cancelled.

Decreasing coal shipments

In 2020, Ventspils Freeport’s terminals processed 12.9 million tonnes of freights, which was 37% less than a year prior. According to the port authority, the decline in freights was primarily attributed to the almost "complete halt of stone coal exports": The volume of coal decreased 90% when compared to 2019, because Russia – the country of origin – almost completely diverted coal freights to its own ports.[8]

In October 2021, after nearly a year-long pause, AS Baltic Coal Terminal (BCT) received a shipment of 81,000 tonnes of coal from Kazakhstan intended for European consumers.[9]


JSC Baltic Coal Terminal was incorporated in January 2005. The shareholders of JSC Baltic Coal Terminal are Latvian stevedore company Ventspils Tirdzniecības Osta (Ventspils Commercial Port) and the LLC Indteс Baltic Coal, a subsidiary of Indtec Finanse B.V., which owns Russian coal mine Zarechnaya of Kuznetsk Basin.[3][2]

In 2019, Latvian politician and businessman Aivars Lembergs and four entities that he owns or controls were hit by U.S. sanctions on corruption allegations. According to the U.S. sanctions statement, Lembergs either owns or controls Ventspils Freeport Authority, Ventspils Development Agency, Business Development Association, and Latvian Transit Business Association.[10][11]


The Baltic Coal Terminal was the first closed-end coal terminal in the Baltic region. The terminal was designed by the Latvian company Ierosme, and the construction was carried out by Ventspils Tirdzniecības Osta-G. A new pier with two quays for coal handling was designed by the architect offices Veralux Ehitus and it was constructed by Latvijas Tilti. The terminal equipment was provided by Fam Мagdeburger Förderanlagen und Baumaschinen.[2] The total amount of the investments made reaches €75 million, which includes bank financing as well as shareholders' investments. The bank syndicate included DnB NORD, Nordea, and UniCredit.[2][3]

Project Details

  • Owner: JSC Baltic Coal Terminal
  • Location: Free Port of Ventspils, Latvia
  • Coal Capacity (tonnes per annum): 6 million
  • Additional Proposed Coal Capacity (tonnes per annum): 4.5 million (no known progress since 2013, appears cancelled)
  • Status: Operating
  • Start year: 2008
  • Type: Exports (to US and western Europe)
  • Source of Coal: Russia, Kazakhstan


  1. Peter James Crew (2005-07-19). "Green light for Ventspils coal terminal". Baltic Business News. Retrieved 2009-02-07.
  2. 2.0 2.1 2.2 2.3 Alla Petrova (2008-11-24). "JSC Baltic Coal Terminal is launched at Ventspils Port". The Baltic Course. Retrieved 2009-02-07.
  3. 3.0 3.1 3.2 DnB NORD (2007-08-22). "Bank consortium and AS „BALTIC COAL TERMINAL” sign the agreement on granting of loan in excess of EUR 50 million". Press release. Retrieved on 2009-02-07.
  4. "Developments In Coal Terminals Worldwide," Dry Cargo International, February 19, 2013
  5. "Freeport of Ventspils Registers 26.3 Mln Tn Cargo Turnover in 11 Months of 2013," Freeport of Ventspils Authority, December 12, 2013
  6. "About company," Baltic Coal terminal, accessed October 2021
  7. "Baltic Coal Terminal," Port of Ventspils, accessed October 2021
  8. "Ventspils port terminal retains stable freight turnover," BNN, January 14, 2021
  9. "Baltic Coal Terminal commences environmentally friendly handling of coal freights," BNN, October 22, 2021
  10. "Latvian government seizes control of main ports after U.S. sanctions," Reuters, December 12, 2019
  11. [ "Latvian oligarch hits back at corruption charges as U.S. clamps down,"] Reuters, December 10, 2019

External links

Wikipedia also has an article on Baltic Coal Terminal. This article may use content from the Wikipedia article under the terms of the GFDL.