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Friday, 14 November 14
MORE NATURAL GAS FROM RUSSIA TO HELP STABILISE CHINA PRICES - FITCH RATINGS
 COALspot.com: Fitch Ratings has said possible additional natural gas supplies from Russia's OAO Gazprom to China via the Altai pipeline would help China to materially close its demand-supply gap, which would provide greater stability to gas prices in the country.
According to Fitch, on 9 November 2014, Gazprom and China National Petroleum Corporation signed an additional framework agreement to supply 30 billion cubic metres (bcm) of natural gas a year to China via the Altai pipeline, known as the "western route". This follows an agreement signed in May 2014 to supply 38bcm of natural gas to China via the Power of Siberia trunkline, known as the "eastern route".
While no pricing details for the latest agreement are available, Fitch considers it unlikely that the price will be much higher than the "eastern route" agreement, at or above USD350 per thousand cubic metre (around CNY2.2 per cubic metre).This is materially lower than the cost of imported liquefied natural gas (LNG) in Asia; in 2013, LNG accounted for around 15% total gas consumed in China. The two gas supply contracts would make Russia China's single largest gas supplier, overtaking Turkmenistan's 65bcm per year.
China's National Development and Reform Commission (NDRC) have an ambitious natural gas usage target of 360bcm by 2020; in 2013, the demand in China was 168bcm. Progress in securing piped gas from both Russia and central Asia is critical to achieving that target as domestic production growth has been slow.
Aside from ensuring sufficient supply, the contracts with Russia also ensure supply at prices cheaper than LNG, which will stabilise natural gas prices in China over the medium term. We estimate that a higher proportion of gas being procured through pipelines would keep China gas prices at around CNY3 per cubic metre.
Currently, domestic conventional gas is priced at around CNY1.2 per cubic metre. The NDRC has been raising the city-gate level prices to increase the economic incentives for domestic gas production as well as to compensate for the higher share of LNG in the supply. Assuming domestic conventional gas and synthetic natural gas (SNG) prices converge with the current pipeline gas price at around CNY2.2 per cubic metre, a CNY3 per cubic metre price will allow approximately CNY1 per cubic metre on average as gas transmission costs in China. On this basis, the potential gas price increase between now and 2020 will be around CNY0.5 per cubic metre, which translates to a manageable price increase of around 3% a year through 2020.
Fitch views the latest pipeline gas deal as positive for domestic city gas operators such as China Resources Gas Group Limited and ENN Energy Holdings Limited in the long run. Securing a stable supply ensures their growth potential will be fully met as China's natural gas sector has historically been constrained by insufficient domestic supply. Stabilisation of gas price, on the other hand, reduces the risk of margin compression caused by increasing gas purchasing cost and delays in pass-through to end users. China substantially closing the demand-supply gap with pipeline supplies will also mean downward pressure on Asian LNG prices, which is positive for importers. We also believe this is beneficial for the profitability of CNPC's mid-stream gas supply operations.
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Friday, 31 October 14
BUKIT ASAM'S NET PROFIT ROSE 27.42% FOR THE PERIOD JANUARY - SEPTEMBER 2014
COALspot.com: Publicly listed coal miner Bukit Asam reported solid profits in the first nine months of 2014 year.
Coal miner Bukit Asam manage ...
Friday, 31 October 14
U.S PRODUCED AROUND 19.3 MMST OF COAL IN A WEEK
COALspot.com – United States the world's one of largest coal producers, produced approximately 19.3 million short tons (mmst) of coal in ...
Thursday, 30 October 14
COAL & GRAINS SUPPORT PANAMAX AND IRON ORE SUPPORTS CAPES
Handy
The Atlantic market has been flat this week. Rates are up about US$ 200 from last week on the TA´s, but the volumes are about the sam ...
Thursday, 30 October 14
DOES A LOU ARBITRATION AGREEMENT FOR THE UNDERLYING CARGO CLAIM COMPLETELY REPLACE THE BILL OF LADING ARBITRATION CLAUSE? - INCE &CO
KNOWLEDGE TO ELEVATE
In the context of cargo claims brought under four bills of lading, the Commercial Court has recently considered whether a ...
Wednesday, 29 October 14
GOOD REASON WHY Q4 CAPESIZE OUTLOOK WAS SO BULLISH AT START OF THE YEAR - COMMODORE RESEARCH
COALspot.com: There was good reason why so many analysts' capesize outlook for Q4 was so very strong at the start of this year. Brazilian ...
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- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- The University of Queensland
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Minerals Council of Australia
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Parliament of New Zealand
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Australian Coal Association
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
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