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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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Wednesday, 31 May 17
MARKET INSIGHT - KONSTANTINOS KAKAVITSAS
In the next episode of the oil market; The market reacts to OPEC’s production cut extension, the US shale oil producers are ruining the carte ...
Tuesday, 30 May 17
MARKET ANALYSIS - GEORGE LAZARIDIS
Despite the fair performance that has been noted in the Chinese economy over the past 5 months, we have started to see an increase in the skepticis ...
Friday, 26 May 17
MOST COAL PLANTS IN THE UNITED STATES WERE BUILT BEFORE 1990 - EIA
Coal-fired electricity generators accounted for 25% of operating electricity generating capacity in the United States and generated about 30% of U. ...
Friday, 26 May 17
U.S WEEKLY COAL OUTPUT ESTIMATE UP 6.3% W/W
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.3 million short ton ...
Wednesday, 24 May 17
LR MARKET IT SEEMS THAT EARNINGS ARE STILL UNDER PRESSURE - INTERMODAL
As we are approaching the summer season, the Clean Product market appears poised to become more challenging, either on East or West of Suez.
L ...
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- London Commodity Brokers - England
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- The University of Queensland
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- Australian Coal Association
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
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