COALspot.com keeps you connected across the coal world
  • MARCH 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 67.08 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Monday, 02 December 19
GREENER LNG IS VITAL TO ASIA'S SUSTAINABLE DEVELOPMENT - WOOD MACKENZIE
Wood MackenzieAsia struggles with the world’s worst air pollution. Delhi hit the headlines in November 2019 as levels spiked to such hazardous levels that a public health emergency was declared. Flights were diverted, schools were closed, and the images of streets shrouded in smog filled newsfeeds around the world.
 
This wasn’t an isolated incident. Air pollution is a widespread and persistent issue across the Asia Pacific region, due to a combination of dust, agricultural clearance fires and particulates from fuel and coal. A report from the Climate & Clean Air Coalition found that 92% of the population are exposed to air pollution that poses a significant risk to health, with the highest numbers living in south and east Asia.
 
This is, rightly, having an impact on energy policy. Coal-to-gas switching continues in China. South Korea is restricting coal use in summer, and Gujarat has mandated that the ceramics industry replace coal with gas. But while gas has earned its place as a transition fuel of choice, there is an important shift in perception underway.
 
Is it time for LNG to get greener?
 
The combustion benefits of natural gas are clear
 
The switch from coal to gas is a significant step in the battle against air pollution. Gas burns significantly cleaner than coal and oil. Meanwhile, LNG’s full life cycle C02 emissions, from production to transportation and final consumption, are significantly lower than even highly efficient coal plants, or alternative sources of gas supply such as long-distance pipelines.
 
We’ve already seen what gas can do in China. It may be that coal is still king in Southeast Asia’s power market, but there have been significant steps taken in recent years to replace coal and diesel in Beijing. Efforts were stepped up in 2017 with a series of government measures that included replacing coal boilers with gas-fired CHP in Beijing, and 27 other northern Chinese cities.
 
My presentation at the 2019 Wood Mackenzie Energy & Commodities Summit included a chart that shows how the city’s fine particulate matter (PM2.5) readings improved, while gas demand increased. Fill in the form at the top of this page for a complimentary copy.
 
Of course, meeting Asia’s expected energy demand growth is crucial to its sustainable economic development. We predict that Asia’s total gas demand will increase from around 700 billion cubic metres (bcm) in 2018 to 1,200 bcm by 2035.
 
LNG will meet around 60% of this growth, with demand growing by some 200 million tonnes per annum.
 
Gas may be good – but is it good enough?
Gas compares well against other fossil fuel options as Asia continues its journey towards decarbonisation. But complacency isn’t an option. LNG’s green credentials are under increasing scrutiny as stakeholders seek to measure and compare its environmental impact. And, given how quickly the climate debate is moving, it will almost inevitably come under increased investor pressure.
 
We’re seeing this pressure already. In November 2019 the European Investment Bank (EIB) launched a new energy lending policy that states: “the EIB will no longer consider new financing for unabated, fossil fuel energy projects, including gas, from the end of 2021 onwards.”
 
Measuring and understanding the impact of different resource themes is vital. On a full life cycle basis, LNG beats coal. But our carbon emissions study highlights that in some cases the emissions intensity of LNG is relatively high. Upstream companies may be judged on emissions up to the point of sale – so before oil is refined or consumed, and on this metric LNG can look less attractive.
 
LNG’s poor performance here can be partly attributed to it being further along its life cycle than oil. The liquefaction process also plays a key role. It requires that all CO2 is removed before cooling, which can result in substantial additional emissions from venting.
 
Three ways LNG can get greener
With investor pressure growing, companies are looking at how the emissions intensity of LNG can be reduced. Three approaches stand out.
 
1. Link to carbon capture and storage (CCS)
The high emissions from liquefaction projects can be partly offset by linking LNG projects with CCS. By storing rather than venting total emissions can be reduced by around 25%, but until there’s a global carbon price venting remains the cheapest option. As it stands, of the 75 LNG projects in existence or under construction, only Snohvit and Gorgon include CSS. However, Qatar is making proactive plans to take this approach – potentially getting ahead of shifting buyer sentiment.
 
2. Tackle the 7-9% of feedgas consumed in the liquefaction process
A variety of proposed solutions include the use of renewables for driving electric turbines in liquefaction plants.
 
3. Use carbon offsets and emissions trading
Shell sold the first carbon-neutral LNG cargoes this year, using offsets from land management programmes. And one buyer, Tokyo Gas, is offering consumers the option of buying carbon-neutral gas. This type of shift in buyer expectations could have a profound impact on suppliers, regardless of government policies or the lack of a global carbon price.
 
Where is LNG headed?
I see several likely outcomes of this fresh scrutiny on the environmental impact of LNG.
 
Buyers, such as European and Japanese utilities, will demand more visibility on carbon intensity. Sellers will act to provide it, either proactively or reactively, as bankers impose more stringent lending criteria.
 
Industry solutions for existing projects will increase. We’ll see more carbon offsets, CCS and updated turbines. We may also see more rapid decommissioning of carbon-intensive projects before backfill is considered.
 
New supply will come under more scrutiny and project and equity financial criteria will be toughened. High CO2 fields will be challenged, and stranded asset risk will increase for fields where LNG is the only way to monetisation.
 
Ultimately, all of this is likely to result in higher costs. But it will ensure that LNG plays a more sustainable role in meeting Asia’s future energy demand.
Source: Wood Mackenzie


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 31 March 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.43 PCT - XINHUA
China Taiyuan coal transaction price index stood at 132.17 points Monday, down 0.43 percent week on week.   The index, released by Chi ...


Tuesday, 31 March 20
COAL POWER REMAINS IN GLOBAL DECLINE, DESPITE CHINESE SURGE - SYDNEY MORNING HERALD
The impact of coronavirus has prompted a surge in coal-fired power plant construction permits in China, with the Chinese government issuing more pe ...


Monday, 30 March 20
CORONAVIRUS - IMPLICATIONS FOR SHIPS AND CREW - GARD
KNOWLEDGE TO ELEVATE Countries around the world are strengthening their border control measures in order to prevent the further spread of COVI ...


Monday, 30 March 20
LAY-UP AND RE-ACTIVATION REVISITED - GARD
KNOWLEDGE TO ELEVATE The COVID-19 pandemic has affected the maritime industry in previously unthinkable ways. Ports around the world are denyi ...


Monday, 30 March 20
PANAMAX: INDONESIA LACKED VOLUME, PARTLY DUE TO FORCE MAJEURE IN INDIAN PORTS - BALTIC BRIEFING
Capesize As Covid-19 continued to ratchet up tensions across the globe, the Cape market dealt with the change to remote working. Most regions o ...


   1 2 3 4 5   
Showing 6 to 10 news of total 5840
News by Category
Popular News
 
Total Members : 26,838
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Platou - Singapore
  • Madhucon Powers Ltd - India
  • Antam Resourcindo - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Bangkok Bank PCL
  • Maheswari Brothers Coal Limited - India
  • McConnell Dowell - Australia
  • Clarksons - UK
  • Medco Energi Mining Internasional
  • Peabody Energy - USA
  • Humpuss - Indonesia
  • Aboitiz Power Corporation - Philippines
  • RBS Sempra - UK
  • Merrill Lynch Bank
  • Xstrata Coal
  • Inco-Indonesia
  • Posco Energy - South Korea
  • Thai Mozambique Logistica
  • Electricity Generating Authority of Thailand
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Coal Orbis AG
  • Aditya Birla Group - India
  • Bank of America
  • Pendopo Energi Batubara - Indonesia
  • Lafarge - France
  • Merrill Lynch Commodities Europe
  • Sical Logistics Limited - India
  • Port Waratah Coal Services - Australia
  • Marubeni Corporation - India
  • Runge Indonesia
  • Maruti Cements - India
  • Independent Power Producers Association of India
  • Price Waterhouse Coopers - Russia
  • Kartika Selabumi Mining - Indonesia
  • Heidelberg Cement - Germany
  • Australian Coal Association
  • Gujarat Sidhee Cement - India
  • Interocean Group of Companies - India
  • Adani Power Ltd - India
  • Standard Chartered Bank - UAE
  • KEPCO - South Korea
  • Renaissance Capital - South Africa
  • IBC Asia (S) Pte Ltd
  • Straits Asia Resources Limited - Singapore
  • Ernst & Young Pvt. Ltd.
  • Ministry of Mines - Canada
  • CoalTek, United States
  • SMG Consultants - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Inspectorate - India
  • Manunggal Multi Energi - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Freeport Indonesia
  • U S Energy Resources
  • Shree Cement - India
  • Indian School of Mines
  • Petrochimia International Co. Ltd.- Taiwan
  • Altura Mining Limited, Indonesia
  • Bangladesh Power Developement Board
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • McKinsey & Co - India
  • Platts
  • Leighton Contractors Pty Ltd - Australia
  • Borneo Indobara - Indonesia
  • Rio Tinto Coal - Australia
  • Billiton Holdings Pty Ltd - Australia
  • Coaltrans Conferences
  • Intertek Mineral Services - Indonesia
  • Central Electricity Authority - India
  • Mintek Dendrill Indonesia
  • Metalloyd Limited - United Kingdom
  • PTC India Limited - India
  • IEA Clean Coal Centre - UK
  • Pinang Coal Indonesia
  • European Bulk Services B.V. - Netherlands
  • Savvy Resources Ltd - HongKong
  • KPMG - USA
  • Bhatia International Limited - India
  • Barasentosa Lestari - Indonesia
  • Attock Cement Pakistan Limited
  • Cement Manufacturers Association - India
  • BRS Brokers - Singapore
  • PLN - Indonesia
  • GNFC Limited - India
  • Asia Cement - Taiwan
  • Adaro Indonesia
  • Coal India Limited
  • DBS Bank - Singapore
  • World Coal - UK
  • Bahari Cakrawala Sebuku - Indonesia
  • J M Baxi & Co - India
  • Gresik Semen - Indonesia
  • Deloitte Consulting - India
  • Indonesian Coal Mining Association
  • Larsen & Toubro Limited - India
  • Sojitz Corporation - Japan
  • APGENCO India
  • White Energy Company Limited
  • Siam City Cement - Thailand
  • Vale Mozambique
  • Vitol - Bahrain
  • Vijayanagar Sugar Pvt Ltd - India
  • Vedanta Resources Plc - India
  • ING Bank NV - Singapore
  • Tanito Harum - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Rashtriya Ispat Nigam Limited - India
  • Cosco
  • Economic Council, Georgia
  • GVK Power & Infra Limited - India
  • IHS Mccloskey Coal Group - USA
  • WorleyParsons
  • Maersk Broker
  • Petrosea - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Surastha Cement
  • Eastern Coal Council - USA
  • Cemex - Philippines
  • Timah Investasi Mineral - Indoneisa
  • CCIC - Indonesia
  • Wood Mackenzie - Singapore
  • Georgia Ports Authority, United States
  • Karbindo Abesyapradhi - Indoneisa
  • Planning Commission, India
  • Dalmia Cement Bharat India
  • CIMB Investment Bank - Malaysia
  • Enel Italy
  • Global Coal Blending Company Limited - Australia
  • Thailand Anthracite
  • Idemitsu - Japan
  • Jaiprakash Power Ventures ltd
  • Power Finance Corporation Ltd., India
  • Neyveli Lignite Corporation Ltd, - India
  • Glencore India Pvt. Ltd
  • Singapore Mercantile Exchange
  • Barclays Capital - USA
  • Maharashtra Electricity Regulatory Commission - India
  • TNPL - India
  • Miang Besar Coal Terminal - Indonesia
  • Asian Development Bank
  • KOWEPO - South Korea
  • Grasim Industreis Ltd - India
  • Indorama - Singapore
  • PowerSource Philippines DevCo
  • Bukit Makmur.PT - Indonesia
  • Minerals Council of Australia
  • Sree Jayajothi Cements Limited - India
  • Bhoruka Overseas - Indonesia
  • Simpson Spence & Young - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Bayan Resources Tbk. - Indonesia
  • SASOL - South Africa
  • OCBC - Singapore
  • Geoservices-GeoAssay Lab
  • Tata Chemicals Ltd - India
  • Bulk Trading Sa - Switzerland
  • Agrawal Coal Company - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Kohat Cement Company Ltd. - Pakistan
  • Siam City Cement PLC, Thailand
  • TNB Fuel Sdn Bhd - Malaysia
  • International Coal Ventures Pvt Ltd - India
  • GMR Energy Limited - India
  • Trasteel International SA, Italy
  • Mitsui
  • SRK Consulting
  • SGS (Thailand) Limited
  • Directorate Of Revenue Intelligence - India
  • Thermax Limited - India
  • Kumho Petrochemical, South Korea
  • TANGEDCO India
  • Gupta Coal India Ltd
  • Africa Commodities Group - South Africa
  • The State Trading Corporation of India Ltd
  • ICICI Bank Limited - India
  • Core Mineral Indonesia
  • Ind-Barath Power Infra Limited - India
  • Malco - India
  • Indogreen Group - Indonesia
  • Fearnleys - India
  • Arch Coal - USA
  • Jatenergy - Australia
  • Edison Trading Spa - Italy
  • IOL Indonesia
  • London Commodity Brokers - England
  • Indo Tambangraya Megah - Indonesia
  • Total Coal South Africa
  • BNP Paribas - Singapore
  • Bhushan Steel Limited - India
  • Argus Media - Singapore
  • Sucofindo - Indonesia
  • Sindya Power Generating Company Private Ltd
  • Berau Coal - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Bharathi Cement Corporation - India
  • ETA - Dubai
  • Carbofer General Trading SA - India
  • Australian Commodity Traders Exchange
  • Indian Oil Corporation Limited
  • SUEK AG - Indonesia
  • Mitsubishi Corporation
  • Banpu Public Company Limited - Thailand
  • Moodys - Singapore
  • Thomson Reuters GRC
  • Salva Resources Pvt Ltd - India
  • The Treasury - Australian Government
  • Samtan Co., Ltd - South Korea
  • UOB Asia (HK) Ltd
  • ACC Limited - India
  • Cargill India Pvt Ltd
  • Energy Link Ltd, New Zealand
  • Kalimantan Lumbung Energi - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Deutsche Bank - India
  • Infraline Energy - India
  • Parliament of New Zealand
  • ASAPP Information Group - India
  • Mercuria Energy - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Mitra SK Pvt Ltd - India
  • Oldendorff Carriers - Singapore
  • Wilmar Investment Holdings
  • Gujarat Mineral Development Corp Ltd - India
  • HSBC - Hong Kong
  • Star Paper Mills Limited - India
  • Anglo American - United Kingdom
  • JPMorgan - India
  • KPCL - India
  • Noble Europe Ltd - UK
  • Credit Suisse - India
  • Riau Bara Harum - Indonesia
  • Russian Coal LLC
  • Directorate General of MIneral and Coal - Indonesia
  • Formosa Plastics Group - Taiwan
  • Japan Coal Energy Center
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Kobe Steel Ltd - Japan
  • Tamil Nadu electricity Board
  • VISA Power Limited - India
  • bp singapore
  • Shenhua Group - China
  • CESC Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Mercator Lines Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • Jindal Steel & Power Ltd - India
  • Ince & co LLP
  • Jorong Barutama Greston.PT - Indonesia
  • Indika Energy - Indonesia
  • India Bulls Power Limited - India
  • Alfred C Toepfer International GmbH - Germany
  • Qatrana Cement - Jordan
  • EMO - The Netherlands
  • Globalindo Alam Lestari - Indonesia
  • Arutmin Indonesia
  • NALCO India
  • PNOC Exploration Corporation - Philippines
  • Coastal Gujarat Power Limited - India
  • Orica Australia Pty. Ltd.
  • Chamber of Mines of South Africa
  • The India Cements Ltd
  • Tata Power - India
  • globalCOAL - UK
  • South Luzon Thermal Energy Corporation
  • Thiess Contractors Indonesia
  • Thriveni
  • Commonwealth Bank - Australia
  • Ministry of Transport, Egypt
  • MEC Coal - Indonesia
  • JPower - Japan
  • LBH Netherlands Bv - Netherlands
  • The University of Queensland
  • Coeclerici Indonesia
  • PLN Batubara - Indonesia
  • Xindia Steels Limited - India
  • Parry Sugars Refinery, India
  • Binh Thuan Hamico - Vietnam
  • PetroVietnam
  • Chettinad Cement Corporation Ltd - India
  • Coal and Oil Company - UAE
  • ANZ Bank - Australia
  • Meenaskhi Energy Private Limited - India
  • Toyota Tsusho Corporation, Japan
  • Goldman Sachs - Singapore
  • Orica Mining Services - Indonesia
  • Permata Bank - Indonesia
  • Britmindo - Indonesia
  • Kideco Jaya Agung - Indonesia
  • World Bank
  • Ambuja Cements Ltd - India
  • Sakthi Sugars Limited - India
  • GB Group - China
  • New Zealand Coal & Carbon
  • UBS Singapore
  • Mjunction Services Limited - India
  • Malabar Cements Ltd - India
  • Kapuas Tunggal Persada - Indonesia
  • Romanian Commodities Exchange
  • Vizag Seaport Private Limited - India
  • Samsung - South Korea
  • Uttam Galva Steels Limited - India
  • Lanco Infratech Ltd - India
  • Maybank - Singapore
  • Coalindo Energy - Indonesia
  • MS Steel International - UAE
  • IMC Shipping - Singapore
  • Indonesia Power. PT
  • Asmin Koalindo Tuhup - Indonesia
  • NTPC Limited - India
  • Mechel - Russia
  • Essar Steel Hazira Ltd - India
  • Ministry of Finance - Indonesia
  • Eastern Energy - Thailand
  • Videocon Industries ltd - India
  • Rudhra Energy - India
  • Bukit Baiduri Energy - Indonesia
  • Bank of China, Malaysia
  • Cardiff University - UK
  • Latin American Coal - Colombia
  • OPG Power Generation Pvt Ltd - India
  • GHCL Limited - India
  • Kaltim Prima Coal - Indonesia
  • Panama Canal Authority
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • EIA - United States
  • Reliance Power - India
  • Central Java Power - Indonesia
  • Makarim & Taira - Indonesia
  • TeaM Sual Corporation - Philippines
  • Cigading International Bulk Terminal - Indonesia
  • CNBM International Corporation - China