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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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Monday, 06 November 17
THE THERMAL COAL MARKET CAME UNDER SOME PRESSURE AS THE OUTLOOK FOR DEMAND WEAKENED - DANIEL HYNES
Commodities were mixed as investors grappled with a revised tax plan in the US amid a rising USD said Daniel Hynes in his linked in post.
Acco ...
Monday, 06 November 17
THE FREIGHT MARKET WAS CONTINUED TO SOFTEN THIS PAST WEEK; BCI DOWN 184 POINT WEEK OVER WEEK
COALspot.com: The freight market was continued to soften this past week compared to the previous week, as BDI and all segments except Panamax index ...
Friday, 03 November 17
U.S. COAL PRODUCTION FELL WEEK-OVER-WEEK, EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.5 million short ton ...
Wednesday, 01 November 17
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
As it was expected, the strong dry bulk freight market of the past couple of months has inspired similar activity in the second-hand market. Noneth ...
Tuesday, 31 October 17
BALTIC DRY INDEX TAKES A BREAK FROM ITS UPWARD RALLY COURSE - GEORGE LAZARIDIS
It has been a week of corrections for the dry bulk freight market as it seems as the general Baltic Dry Index takes a break from its upward rally c ...
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Showing 1896 to 1900 news of total 6871 |
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- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Planning Commission, India
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
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