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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, 14 August 17
IN A PARIS AGREEMENT WORLD, COAL WILL MEET GROWING ASIAN ENERGY NEEDS - BENJAMIN SPORTON
When providing 41% of the world’s electricity, 85% of global cement, 74% of the world’s steel and 60% of the world’s aluminum, co ...
Friday, 11 August 17
KOMIPO INVITES COAL BIDS FOR BORYEONG POWER PLANT
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 1,280,000 Metric Tons of Bitumino ...
Friday, 11 August 17
U.S WEEKLY COAL OUTPUT ALMOST FLAT WEEK OVER WEEK, EIA SAYS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 16.1 million short tonn ...
Thursday, 10 August 17
GLOBAL COAL PRODUCTION FELL SIGNIFICANTLY IN 2016 - IEA
COALspot.com: Global coal production fell significantly in 2016, while global trade in natural gas was up. These are two of the key messages in Wor ...
Thursday, 10 August 17
ANOTHER ACTIVE WEEK FOR THE PANAMAXES WITH INCREASING RATES IN BOTH HEMISPHERES - FEARNLEYS
Supramax
Both basins have remained fairly flat, could say slightly to the negative. A quiet start of the week in the Pacific with holidays in Sin ...
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Showing 1971 to 1975 news of total 6871 |
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- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Parliament of New Zealand
- MS Steel International - UAE
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
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