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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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Wednesday, 22 November 17
CHINA CONSUMES MORE THAN TWO-THIRDS OF THE GLOBAL SEABORNE IRON ORE MARKET; PRODUCES AS MUCH STEEL AS THE REST OF THE WORLD COMBINED - CHRISTOPHER T. WHITTY
China consumes more than two-thirds of the global seaborne iron ore market and at the same time produces as much steel as the rest of the world com ...
Monday, 20 November 17
INDONESIAN COAL BENCHMARK PRICE SURGES 0.86% TO $94.80 A TON, GOVERNMENT DATA SHOWS
COALspot.com: Indonesian coal benchmark price surges 0.86% in November compared to declared price in October, the latest ministerial decree showed. ...
Friday, 17 November 17
U.S. PRODUCED 678.8 MMST OF COAL YEAR TO DATE; 9% UP Y/Y, EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.8 million short ton ...
Thursday, 16 November 17
PANAMAX ACTIVITIES HAVE SLOWED DOWN QUITE SUBSTANTIALLY THE LAST WEEK - FEARNLEYS
Supramax
Another week with rates easing over all the Supra routes within Atlantic.
Front hauls from USG got payed around 21-22k daily and ul ...
Thursday, 16 November 17
KOMIPO INVITED BIDS FOR 3.9 MILLION TONS OF 5700 NAR AND 5400 NAR COAL FOR 2018 - 2020 DELIVERY
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 3,900,000 Metric Tons of min. 570 ...
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Showing 1871 to 1875 news of total 6871 |
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- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Australian Coal Association
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
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