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Friday, 05 January 18
COAL DEMAND TO REMAIN FLAT TO 2022, RESULTING IN A DECADE OF STAGNATION - IEA
 Global demand for coal should remain nearly flat between 2017 and 2022, resulting in a decade of stagnation for coal consumption, according to the International Energy Agency’s annual coal market report.
Global coal consumption fell 1.9% to 5,357 million tonnes of coal equivalent (Mtce) last year, the second year of decline, because of lower gas prices, a surge in renewables and improvements in energy efficiency, according to Coal 2017. Coal demand is down 4.2% over the last two years, nearly matching the two-year decline in the early 1990s, which remains the biggest recorded drop since the IEA started compiling statistics more than 40 years ago.
By 2022, global coal demand is expected to reach 5,530 Mtce, the same as the average of the last five-year period, and meaning that coal use will have had a decade-long period of stagnation.
The share of coal in the global energy mix is forecast to decline to 26% in 2022, from 27% in 2016 because of sluggish demand compared with other fuels. Although coal-fired power generation increases by 1.2% per year through 2016-22, its share of the power mix falls to just below 36% by 2022, which would be the lowest level since IEA statistics began.
“The energy system is evolving at a rapid pace all around us, with a more diversifying fuel mix, and the cost of technologies going down,” said Keisuke Sadamori, the International Energy Agency’s director for energy markets and security. “But while everything else is changing, global coal demand remains the same.”
Coal demand dropped in China, the United States and the European Union in 2016, but increased in India and across many parts of Southeast Asia, and shows no signs of slowing down. For instance, despite the rapid growth in renewables, Indian coal-fired power generation is expected to grow almost 4% a year through 2022.
While India will be increasingly important to global coal markets, China will remain the key driver. The potential for coal demand growth in China is limited, but the country’s supply-side reforms will be critical factors for coal prices in the coming years. Meanwhile, the European Union, accounting today for just 6% of global demand, is set to become an increasingly marginal player.
The IEA highlights that urgent action is needed to support Carbon Capture, Utilisation and Storage (CCUS) technologies, which made important strides last year but still lags far behind other low-carbon technologies. There is a broad agreement among energy leaders from both government and the industry that urgent action is needed to support CCUS, without which the climate challenge will be much more difficult to tackle.
This is why the IEA is working to give a new momentum to this essential technology, and is committed to pushing the global dialogue forward. In November 2017, it organised a global CCUS summit in Paris that was co-chaired by US Secretary of Energy Rick Perry and IEA Executive Director Dr Fatih Birol, bringing together more than 20 countries and CEOs of the world’s top energy companies to focus on this technology.
“This serves as a critical reminder why technologies like CCUS are so important, and why governments and companies need to step up their policy support and investments in that sector in order to meet global climate goals,” said Mr. Sadamori. “Indeed, without CCUS, coal use will be seriously constrained in the future.”
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Friday, 09 March 18
THE WORLD CANNOT KEEP IGNORING THE ASIAN COAL STORY - BENJAMIN SPORTON
There were significant changes in the global energy system in 2017, including the growth in electric vehicles, the rise of renewables and the conti ...
Friday, 09 March 18
U.S. EXPORTED 97 MMST OF COAL IN 2017, A 61 PER CENT INCREASE FROM 2016 - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.1 million short tons ...
Thursday, 08 March 18
BUMA SIGNED OVER US$ 500 MILLION WORTH OF NEW CONTRACT WITH PT TANAH BUMBU RESOURCES
PT Delta Dunia Makmur Tbk., announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into mining services ...
Thursday, 08 March 18
THE ENERGY CONTRIBUTION FROM COAL-BASED POWER PLANTS IS LIKELY TO INCREASE TO 1072 BU BY 2021-22 : PIB
Government of India has set an ambitious target of 175 GW from Renewable energy sources (RES) by 2022, which comprises of 100 GW Solar, 60GW from W ...
Thursday, 08 March 18
SUPRAMAX: THE MARKET IS STILL GOING STRONG IN THE PACIFIC - FEARNLEYS
Supramax
The market is still going strong in the Pacific, with Ultra fixing high US$ 13000+375000 bb for South Africa to ECI while nickel ore run ...
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Showing 1781 to 1785 news of total 6871 |
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- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- The University of Queensland
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Australian Coal Association
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Minerals Council of Australia
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
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