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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, 12 February 16
DRY BULK MARKET'S FORTUNES STILL TIED WITH CHINA'S ECONOMY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The inevitable slowdown of the Chinese economy was expected to hurt dry bulk shipping, but few expected the blow to be this hard, especially given ...
Friday, 12 February 16
COAL PRICES ARE EXPECTED TO DECLINE 13% IN 2016 TO $50 ATON, ON CONTINUED WEAK DEMAND AND OVERSUPPLY - WORLD BANK
COALspot.com: Thermal coal prices fell 9 percent in the fourth quarter on continued weak demand, high stocks, and surplus production, World Bank sa ...
Friday, 12 February 16
U.S. COAL PRODUCTION OFF 5.4% FROM LAST WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 12.9 million shor ...
Thursday, 11 February 16
GLOBAL NEWBUILDING ORDERBOOK IS SHRINKING ON A DAILY BASIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2016 has started right where 2015 left off when it comes to newbuilding ordering activity, i.e. there are slim pickings to be had from shipyards ar ...
Wednesday, 10 February 16
SOUTH AFRICA IS HOPING TO SHIP MORE COAL TO INDIA IN 2016
COALspot.com: South Africa is hoping to boost coal exports to India after shipping a record 75.4 million tonnes of coal in 2015, industry officials ...
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- Bhatia International Limited - India
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Coal and Oil Company - UAE
- Planning Commission, India
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
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