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Thursday, 28 January 16
WHAT ARE THE PROSPECTS FOR COAL IN LIGHT OF THE PARIS CLIMATE AGREEMENT? - GERMAN COAL IMPORTERS ASSOCIATION
 This depends – says the VDKi – to a very great extent on who you want to believe more, the United Nations or the International Energy Agency – or, in other words, a politically motivated result or a forecast that has at least not completely lost touch with reality.
The International Energy Agency (IEA) has issued a forecast covering the period up to 2040 in its World Energy Outlook (WEO) 2015; it is based on the scenario of the new policies regarding the reduction of greenhouse gases. The so-called New Policies Scenario includes all of the reduction measures that have been adopted politically, but not yet implemented. According to the forecast, renewable energies will in 2040 have a total share of one-third of power generation and will have overtaken fossil energy sources, and the share of coal in power generation worldwide will have declined from 41% today to 30% in 2040.
VDKi further noted that, at the same time, however, power demand will have grown by 40% by that time, and even in a quarter of a century, 67% of the world’s power will be generated by the use of coal, gas, oil and nuclear – a figure that the national as well as international climate politicians would have been well advised to take into account before the negotiations in Paris. Instead, an estimate was presented in Paris showing that in 2040 coal will contribute only 2% and natural gas only 7% to worldwide primary energy demand and not only to power generation, contrasting with 57% from renewable energies.
According to VDKi, the IEA estimates, on the other hand, show that renewable energies will cover only 5% of global primary energy demand. These scenarios are diametrically opposed. If the IEA forecast is taken as the basis, the only conclusion is that the fundamental assumption (more precisely, the faith) embodied in the Paris Climate Agreement that the world could change over completely from fossil to renewable energies and in this way achieve significant reductions in greenhouse gas emissions is not realistic.
Europe and Germany
According to German Coal Importers Association, the European Union saw primarily a decline in coal imports in comparison with 2014. Imports to the United Kingdom fell especially strongly (-37%). Italy and Germany will presumably have imported as much hard coal by the end of last year as in the previous year. Spain increased its imports by 2 million tonnes to 18 million tonnes. The rise in power generation from renewable energy sources and the lack of overall sustainable economic growth in the EU will presumably limit the import of steam coal into the EU in 2016 as well.
One positive aspect in the view of the VDKi is the continuing advantage of the clean dark spread (costs for coal, freight and CO2 certificates) over the clean spark spread (costs for gas, transport and CO2 certificates) in 2015 despite substantial pressure on volumes and prices of gas. This factor has favoured coal-fired power generation in the “race to cover the load” remaining after the priority feed-in of renewable energies and has pushed gas-fired power generation in Europe even further aside. Power was frequently exported to countries that depend heavily on natural gas for power generation such as the United Kingdom or the Netherlands. In addition, electricity was exported to countries that lacked availability of adequate power plant capacities to the network because of the dry summer in 2015, e.g. France or Austria.
While the use of hard coal in Germany in 2015 fell in total by only 0.7% to 57.7 million TCE, use of coal in the steel industry remained unchanged at 17.8 million tonnes. The use of hard coal for power generation fell moderately by 0.8% to 38.0 million TCE and for heat generation minimally by 0.1 million TCE. Overall, about two-thirds of the total consumption of hard coal in Germany are attributed to power generation.
Hard coal imports to Germany last year were noteworthy in view of the general situation of climate policies. According to preliminary calculations of the VDKi, imports declined by a mere 4% to about 54 million tonnes.
Eighty-nine percent of the total sales of hard coal in Germany of 57.7 million TCE (preliminary) in 2015 were covered by imports, 11% by domestic hard coal, said VDKi.
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Friday, 19 February 16
INDONESIAN HBA HITS A NEW LOWS BELOW $51 A TON AS OVERSUPPLY, LOW DEMAND WOES PERSIST
COALspot.com: Low coal demand and excess supplies sent Indonesian benchmark coal price further deep in February 2016. HBA has slumped second time t ...
Friday, 19 February 16
U.S. WEEKLY COAL PRODUCTION ROSE 2.6% FROM LAST WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.2 million shor ...
Thursday, 18 February 16
INDIA NEEDS INTERNATIONAL SUPPORT ON HIGH EFFICIENCY COAL - WORLD COAL ASSOCIATION
Speaking at a conference in New Delhi today, World Coal Association Chief Executive Benjamin Sporton said the critical role of coal in driving econ ...
Thursday, 18 February 16
CHINA COAL SECTOR - 2015 RESULTS BLEAK, 2016 UNLIKELY TO BE ANY BETTER - FITCH
COALspot.com: China Coal Sector’s Financial Woes to Worsen in 2016.
Fitch Ratings says that the 2015 full-year result previews issued by ...
Thursday, 18 February 16
PANAMAX RATES OUT OF ECSA WERE STILL GAINING A PREMIUM OVER THE REST OF THE MARKET - INTERMODAL
The BDI moved further down last week, fact that hardly took anyone by surprise as the lunar year holidays in Asia on top of the already depre ...
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- The Treasury - Australian Government
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Minerals Council of Australia
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Xindia Steels Limited - India
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
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