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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, 20 June 17
WORLD ECONOMY SHOWS A MORE OPTIMISTIC TREND
During the past weeks, we have seen many organizations and think tanks show a more optimistic face with regards to the world economy. The World Ban ...
Monday, 19 June 17
PANAMAX RATES HELP BALTIC INDEX TO A POSITIVE MOVE
COALspot.com: The Freight market rose very marginally this past week compared to the previous week, as BDI and Panamax indexes show a positive tren ...
Friday, 16 June 17
WEEKLY U.S. COAL PRODUCTION RISES; UP 24.1% Y/Y
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.5 million short tonn ...
Thursday, 15 June 17
SUPRAMAX NICKEL ORE FROM PHILIPPINES TO S. CHINA PAYING AROUND MID $10000 - FEARNLEYS
Supramax
Market looked more promising from both sides of the basins. Within Atlantic USG returned with tick better rates seen as tonnage kept tig ...
Wednesday, 14 June 17
WORLD COAL PRODUCTION FELL BY 6.2%, THE LARGEST ANNUAL DECLINE ON RECORD - BP
COALspot.com: The 2017 edition of the BP Statistical Review of World Energy, shows global energy markets continuing to undergo long-term changes as ...
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Showing 2021 to 2025 news of total 6871 |
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- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
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