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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, 03 February 17
U.S. WEEKLY COAL PRODUCTION DECLINED 3.9% W/W; ROSE 17.7% Y/Y
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.1 million short ton ...
Friday, 03 February 17
US - EXECUTIVE ORDER ON IMMIGRATION AFFECTS VESSEL CREWS - GARD
From 27 January 2017, crew members carrying Iraqi, Syrian, Sudanese, Iranian, Somalian, Libyan or Yemeni passports are temporarily barred from ente ...
Wednesday, 01 February 17
MARKET INSIGHT - PANOS TSILINGIRIS
The recent placement of LOIs for 208kdwt Newcastlemax Newbuildings at $38.5m at Private Chinese Yard identifies with the modern history low for dry ...
Tuesday, 31 January 17
A CASE OF NEW YEAR BLUES FOR THE FAR EAST? - GEORGE LAZARIDIS
Unlike the typical lull in the market that we note during the period just prior to the Chinese New Year, 2017 has proved to be fairly m ...
Monday, 30 January 17
DUE TO LUNAR YEAR HOLIDAYS, THE FREIGHT MARKET STAYED WEAK
COALspot.com: Due to Lunar year holidays and celebration, the Freight market was down in all segments this past week.
The Baltic Exchange, tra ...
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- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Economic Council, Georgia
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
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