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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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Friday, 30 June 17
U.S. WEEKLY COAL OUTPUT SLIGHTLY DOWN
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.6 million short tonn ...
Wednesday, 28 June 17
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
From the beginning of the year until now SnP activity has changed significantly. To put things into perspective, after a fast and furious q1 on the ...
Monday, 26 June 17
PANAMAX/KAMARMAXES HAD A STRONG WEEK WITH RATES RISING IN MOST AREAS OF THE MARKET - BALTICEXCHANGE
Capesize
A dark cloud appeared to have descended over the market for the big ships with rates continuing to slide in all areas. There was a repor ...
Friday, 23 June 17
U.S. WEEKLY COAL PRODUCTION TOTALED APPROXIMATELY 15.8 MMST; UP 1.8% W/W
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.8 million short tonn ...
Wednesday, 21 June 17
MARKET INSIGHT - SHIPPING
Looking back at March and April shipping reports when the dry bulk indexes were starting to move up, a number of shipping analysts were stating tha ...
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Showing 2016 to 2020 news of total 6871 |
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- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- PTC India Limited - India
- Planning Commission, India
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
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