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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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Tuesday, 03 October 17
ALLIED MARKET ANALYSIS
It seems as though the future of the oil trade was once again put into the spotlight, as the Asia Pacific Petroleum Conference took place last week ...
Friday, 29 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE FIFTH WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.7 million short ...
Thursday, 28 September 17
SUPRAMAX: S.CHINA TRIP TO INDIA HAS BEEN FIXED AT AROUND US$ 11000 - FEARNLEYS
Supramax
The hot market seen the last weeks in the Pacific has softened as the Golden week holiday in China approaches and the October shipments ...
Thursday, 28 September 17
THE 'UNREASONABLE' COST OF CASUALTY REPAIRS: ASSOCIATION OF AVERAGE ADJUSTERS CHAIRMAN DETAILS CLAIMS DILEMMAS
KNOWLEDGE TO ELEVATE
The ‘unreasonable’ cost of casualty repairs: Association of Average Adjusters chairman details claims dilemma ...
Thursday, 28 September 17
CHINESE GOVERNMENT TO CANCEL DOMESTIC IRON ORE MINING RIGHTS - JEFFREY LANDSBERG
It has been reported that China will cancel roughly one third of its iron ore mining licenses, says Commodore Research & Consultancy in its lat ...
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Showing 1926 to 1930 news of total 6871 |
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- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- White Energy Company Limited
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
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