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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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Thursday, 07 September 17
CAPESIZE: EARNINGS FOR THE BIG SHIPS KEEP UP NICELY AS DIPS ARE MODERATE AND SHORT-LIVED - FEARNLEYS
Supramax
Fewer activities in the Atlantic in start of the week with the US holidays. Owners were asking around low USD 20k for trip ex USG to Far ...
Thursday, 07 September 17
TALK OF CONSTRAINTS ON CHINESE COAL OUTPUT PUSHED PRICES HIGHER - DANIEL HYNES
Commodity markets were largely higher as a weaker USD boosted investor appetite.
According to Daniel Hynes, Senior Commodity Strategist at ANZ ...
Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
KNOWLEDGE TO ELEVATE
In a recent London Arbitration decision (18/17) the Tribunal had to consider whether the owners were entitled to recover ...
Wednesday, 06 September 17
SHIPPING MARKET INSIGHT - STELIOS KOLLINTZAS
The impact of Hurricane Harvey, which made landfall on 25th of August in South East coastline of Texas area has been the major concern of the shipp ...
Tuesday, 05 September 17
COAL: A STRONG MOVEMENT IN THE COAL MARKET OVER THE SUMMER MONTHS - GEORGE LAZARIDIS
We have been witnessing a strong movement in the coal market over the summer months something that has not only helped boost prices for the commodi ...
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Showing 1951 to 1955 news of total 6871 |
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- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Indian Energy Exchange, India
- VISA Power Limited - India
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
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