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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, 21 November 16
CHINA IS ESTIMATED TO SEE HIGHEST IMPORTED COAL DEMAND LEVEL IN 2017, POLL SAYS
“Which country is estimated to see highest imported coal demand level in 2017?”
The on-line opinion poll conducted by COALsp ...
Monday, 21 November 16
KOMIPO IS LOOKING FOR 140K MT OF SUB-BITUMINOUS COAL FOR FEB-MAR 2017 LOADING
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 140,000 Metric Tons of Sub-Bituminous coal for i ...
Monday, 21 November 16
BALTIC DRY INDEX SURGES TO 1257 POINTS W/E 18 NOV; BPI ROSE 37.3% W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rally continues this past week and ending on a positive n ...
Friday, 18 November 16
CAPESIZE: THE COMMODITIES PRICES ARE INCREASING, RESULTING IN MORE DEMAND AND CONSEQUENTLY RATES ARE MAKING A BIG JUMP - FEARNLEYS
Supramax
Apart from booming S. Africa where owners have obtained USD 14-15k to MEG/India and around mid USD 12k to China, the Pacific market has ...
Friday, 18 November 16
U.S. WEEKLY COAL PRODUCTION TOTALS 16.8 MMST, DOWN 0.8%, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.8 million short ton ...
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Showing 2206 to 2210 news of total 6871 |
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- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- The University of Queensland
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Deloitte Consulting - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
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