We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 23 April 14
EUROPE WOULD BE HARD PRESSED TO REPLACE RUSSIAN GAS, FITCH RATINGS SAYS
 A ban on Russian gas imports to the EU would cause substantial disruption to Europe's economy and industry, Fitch Ratings says. In the immediate aftermath, the region would suffer from gas shortages and high prices due to its limited ability to reduce demand, source alternative supplies and transport gas to the most affected countries. A surge in gas prices after a ban would probably also have knock-on effects on electricity, coal and oil prices. Industry would bear the brunt of supply shortages as household demand would be given priority.
A lengthy ban on Russian gas is a low-probability, but high-impact scenario. Russia supplies around 27% of Europe's gas and, given the high cost a ban would impose on all sides, we believe it would take a severe deterioration in the Ukraine crisis for it to happen. A temporary disruption just affecting gas supplies via Ukraine is a more likely scenario, for which Europe is better prepared due to high reserves and the recent opening of a new pipeline from Russia to Germany.
In the event of a lengthy ban imposed by either Europe or Russia, gas-intensive sectors such as steel and chemicals would be most affected. This would accelerate the closure or mothballing of capacity that is suffering from low profitability due to competition from low-cost energy jurisdictions such as the US or Middle East. In particular, issuers without geographic and product diversification would be most at risk of adverse rating action.
In 2013 Russia supplied 145bcm of gas to Europe, which would have great difficulty in sourcing alternative supplies. Increased European gas production and North African piped gas could offset a small proportion of this. Tapping into the global LNG market would yield limited volumes as Europe's Russian gas demand equates to nearly half of the world's LNG production, which is already mostly tied to long-term supply contracts. Hence, gas and other energy prices could surge.
In theory, Europe has plenty of unused LNG regasification capacity, which could help replace some Russian supplies. But the majority of plants are located in Southern Europe and the UK, far away from the Central and Eastern European countries that are most reliant on Russian gas. The European gas networks suffer from bottlenecks, which limit the ability to transport gas across borders.
Demand reduction initiatives would only be of limited benefit. Japan was able to reduce power demand by 4.7% following the Fukushima disaster, but this was partly weather-related and achieving that level of reduction across 28 countries with their own agendas and exposures would be far harder.
For more details on the impact that a ban on Russian gas would have on Europe, please see the report "Living Without Russian Gas - Replacing Russian Gas in the Short-term" published today and available from www.fitchratings.com. The report is the first in a series that will examine the potential impact on European utilities and how Europe could reduce its energy reliance on Russia in the longer term.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 16 February 14
SUPRAMAX : THE FAR EAST/SE ASIA CHARTER RATES FIRMED UP
COALspot.com: The freight market had a mixed reaction this week with BDI increased by 1.37 pct and closing at 1106 points on Valentine day. The cape ...
Friday, 14 February 14
US COAL PRODUCTION STILL SLIPPING
COALspot.com – United States the world’s second largest coal producer, produced approximately 17.9 million short tons (mmst) of coal in ...
Thursday, 13 February 14
PANAMAX : NOT ENOUGH REQUIREMENTS TO KEEP THE ATLANTIC MARKET FLOATING - FEARNLEYS AS
Handy
After the Chinese holidays the week started on a positive note. Owners are talking higher rates but chrtrs are still somehow reluctant to mov ...
Thursday, 13 February 14
DRY BULK MARKET FACES BETTER PROSPECTS ON THE BACK OF IMPROVING DEMAND AND SUPPLY BALANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has started off the New Year on the "left foot", with the strong finish of 2013 proving to be unsustainable, on the ba ...
Wednesday, 12 February 14
NEW BUILDING ORDERS REACHING NEW POST-CRISIS HEIGHTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners are looking to take advantage of the last few attractive deals in the new building market, before prices start climbing to new highs and ...
|
|
|
Showing 3851 to 3855 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- The University of Queensland
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
|
| |
| |
|
