We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 04 June 13
WOOD MACKENZIE SAYS THE CHINA'S THERMAL COAL DEMAND WILL REACH NEARLY 7BTPA BY 2030
 COALspot.com - The Illusion of Peak Coal' says that despite efforts to limit coal consumption and seek alternative fuel options, China's strong appetite for thermal coal will lead to a doubling of demand by 2030. China’s demand will grow to approximately seven billion tonnes per annum (btpa) of thermal coal which is contrary to speculation that China's thermal coal demand may be reaching a peak in the next decade.
"It is very unlikely that demand for thermal coal in China will peak before 2030," states Mr. William Durbin, Wood Mackenzie’s Beijing-based President of Global Markets. "Why? Because China’s aggressive investment program for nuclear, natural gas and renewables capacity is centred in the coastal region while coal-fired capacity grows in the central and western provinces. Indeed, there are also a plethora of coal-intensive conversion projects being built or planned that are significantly adding to demand.”
"Wood Mackenzie’s analysis already takes into account a rapid improvement in energy efficiency the likes of which have not been seen. We expect power demand per unit of GDP to fall by half in just 17 years, an extraordinary achievement for an economy experiencing such sustained growth. In spite of this efficiency improvement, power demand is still set to nearly triple to 15,000 Terawatt hours (TWh) by 2030. Indeed, if expected efficiency improvements do not materialise, then in the absence of alternatives, coal demand could increase further."
Coal is an important natural resource for a number of provinces seeking investment, jobs and tax revenues. Already there are government-approved coal conversion projects (coal-to-gas, coal-to-liquids, coal-to-petrochemicals) that account for over 0.25 btpa of thermal demand. Additionally, there are planned projects that will increase demand by another 0.6 btpa. Mr. Durbin notes that “Total Chinese industrial demand for thermal coal is expected to grow from 1.5 to nearly 2.1 btpa by 2030. In comparison, the US, the world’s second largest domestic market for coal, consumes only 1.0 btpa in total. If a cap on coal consumption in China is imposed, it will come at a cost to provincial economies.”
In order for China to reduce power-driven demand for coal, a significant increase in the availability of natural gas for the power and industrial sectors is required. But Wood Mackenzie believes natural gas supplies will struggle to meet demand growth due to modest investment in conventional reserves and the very slow development of domestic unconventional shale gas reserves. Additionally, the high cost of LNG and pipeline imports is uncompetitive with low cost coal.
China’s gas price and power tariff regulations will need to be reformed in order to create incentives for the national oil companies (NOCs) to make expensive investments in unconventional gas. Mr. Durbin highlights, “Our analysis already assumes an intensive investment program in unconventionals post-2020. To ramp up shale gas developments and production faster to displace coal will require a near-doubling of investment. We expect coal to hold its cost advantage until shale gas breakeven costs fall by 40-50%."
Aside from coal substitution by natural gas, China hopes to reduce coal usage in the coastal demand centres by building Ultra High Voltage (UHV) electricity transmission lines from the Northwest and Southwest. Wood Mackenzie's report says this will have a limited impact on coal demand. The transmission lines from the northwest will transmit coal-fired generation; hence, it just moves coal demand from the coast to the interior. The UHV lines from the southwest will transmit seasonal hydro, requiring base load coal when hydro output falls. The net effect of the UHV lines and the non-coal-fired capacity is a flattening in thermal coal demand in the coastal power region.
Mr. Durbin concludes, "Government mandates to improve the environment by reducing coal use will require steep investments in alternatives, the use of emission control technology or reduce economic growth rate targets further—options which are not currently happening. But what is noteworthy, however, is that there is greater potential for further demand growth beyond our expectations. Failure to meet an aggressive non-coal power capacity build, investment in more efficient technologies and the expansion of the UHV network will increase the dependence on and use of coal. In the end, China's thermal coal demand will see persistent growth until 2030, rendering peak coal an illusion.”
Source: Wood Mackenzie
About Wood Mackenzie
Wood Mackenzie is the most comprehensive source of knowledge about the world’s energy and metals industries. We analyse and advise on every stage along the value chain - from discovery to delivery, and beyond - to provide clients with the commercial insight that makes them stronger. For more information visit: www.woodmac.com
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 07 October 20
U.S. COAL PRODUCTION TO DECREASE BY 26 PERCENT IN 2020 COMPARED TO 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 525 million short tons (MMst), compared with 705 MMst in 2019, a 26% decrease.
COVID-19 a ...
Wednesday, 07 October 20
MARKET INSIGHT - INTERMODAL
The challenges brought forward in 2020 proved to be very different from what we could have ever imagined. Together with placing a significant strai ...
Tuesday, 06 October 20
KOSPO TO IMPORT 80,000 MT OF 3,800 NCV COAL FOR 2H NOV
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 MT Min.3800 kcal/kg NCV coal 2H November, 2020 l ...
Friday, 02 October 20
THE INDONESIA COAL PRICE REFERENCE RISE AFTER HISTORIC CRASH TO US$ 49.42
COALspot.com: The Indonesia Coal Price Reference for the month of October Rise to US$ 51.00 after historic crash to US$ 49.42 in September 2020.
...
Friday, 02 October 20
SRI LANKA MUST LEARN LESSONS FROM AROUND ASIA TO AVOID FURTHER ELECTRICITY CRISES - IEEFA
Overcommitment to fossil-fuelled power generation is leading to excess capacity and rising capacity payments, subsidies, and tariffs around the con ...
|
|
|
Showing 766 to 770 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
|
| |
| |
|
