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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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- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Planning Commission, India
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
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