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Thursday, 20 December 12
COAL CLOSING IN ON OIL AS WORLD'S TOP ENERGY SOURCE BY 2017
COALspot.com - Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’s top energy source, the International Energy Agency (IEA) said today as it released its annual Medium-Term Coal Market Report (MCMR).
According to IEA, coal’s share of global energy mix to continue rising, with coal closing in on oil as world’s top energy source by 2017.
IEA’s Medium-Term Coal Market Report sees coal demand increasing in nearly every region of the world except US, where shale gas is displacing coal
The report further said, although the growth rate of coal slows from the breakneck pace of the last decade, global coal consumption by 2017 stands at 4.32 billion tonnes of oil equivalent (btoe), versus around 4.40 btoe for oil, based on IEA medium-term projections. The IEA expects that coal demand will increase in every region of the world except in the United States, where coal is being pushed out by natural gas.
“Thanks to abundant supplies and insatiable demand for power from emerging markets, coal met nearly half of the rise in global energy demand during the first decade of the 21st Century,” said IEA Executive Director Maria van der Hoeven.
“This report sees that trend continuing. In fact, the world will burn around 1.2 billion more tonnes 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.”
According to report, China and India lead the growth in coal consumption over the next five years. The report says China will surpass the rest of the world in coal demand during the outlook period, while India will become the largest seaborne coal importer and second-largest consumer, surpassing the United States.
The report further said, as US coal demand declines, more US coal is going to Europe, where low CO2 prices and high gas prices are increasing the competitiveness of coal in the power generation system. This trend, however, is close to peaking, and coal demand by 2017 in Europe is projected to drop to levels slightly above those in 2011, due to increasing renewable generation and decommissioning of old coal plants.
Amid concern about the impact of Chinese uncertainty on coal markets, the report offers a Chinese Slowdown Case. This scenario shows that even if Chinese GDP growth were to slow to a 4.6% average over the period, coal demand would still increase both globally and in China – indicating that coal demand is not likely to stop growing even with more bearish economic perspectives.
Indonesian coal will be benefitted for at least next five years, as China and India to lead the growth in coal consumption. Chinese and Indian buyers always prefered for Indonesian coal due to availability of multi-grade coal and freight benefits.
The current the low coal prices is expected to be turn around to positive once the China and India return to its normal demand level.
Year 2013, is expected to be seller’s year once China and India back to market with their inquiries and coal producing countries control their coal output.
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Sunday, 20 January 13
Q1 & Q4 SUB-BIT FOB INDONESIA COAL SWAPS: FIRM
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) and CFR South China coal shipment for average Q1’ 2013 delivery have gained 0.81percent and ...
Sunday, 20 January 13
S7 & S8 ROUTE FREIGHT TREND IS EXPECTED TO BE FLAT TO SOFT THIS WEEK - VISTAAR
COALspot.com - The freight market was fairly steady with all the indices BDI up by 9.21 pct closing at 837 points. The Cape index was also sharply u ...
Friday, 18 January 13
NEWLEAD HOLDINGS LTD. TO ACQUIRE TWO COAL PROPERTIES WITH ESTIMATED COAL RESERVES OF 18.6 MMT & 143.1 MMT
NewLead Holdings Ltd. Announces Signing Agreement to Acquire Properties with Estimated Coal Reserves of 18.6 Million Tons; Signing Agreement to Acqu ...
Friday, 18 January 13
DRY BULK MARKET ON THE RISE, ON STRONG DEMAND FOR CAPESIZE VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has continued its climbing trend yesterday, as the industry's benchmark, the Baltic Dry Index (BDI) was up by 39 points to 820. ...
Friday, 18 January 13
CAPESIZE : SIGNALS ARE MIXED BUT THE OVERALL TENDENCY IS POSITIVE - FEARNLEYS
Handy
The Atlantic market remained stable with USG-Feast fixed around USD 17k, according to fearnleys’s weekly report.
Continent / Medite ...
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Showing 4416 to 4420 news of total 6871 |
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- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Minerals Council of Australia
- The University of Queensland
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Australian Coal Association
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Planning Commission, India
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
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