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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, 07 November 16
HANDYSIZE: THE ASIAN INDICES RECORDED A GRADUAL DROP EVERY DAY - THE BALTIC BRIEFING
Capesize
A rumour-fuelled market this week but essentially rates a touch firmer and owners cautiously optimistic. The flotilla of vessels heading ...
Monday, 07 November 16
THE SUPRAMAX CHARTER RATES FOR INDONESIA TO INDIA WERE RATING AT AROUND $7500-8000 A DAY
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose slightly and ending in a positive note this past wee ...
Friday, 04 November 16
U.S COAL PRODUCTION UP WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 17 million short tons ...
Friday, 04 November 16
INDONESIAN INFRASTRUCTURE DEVELOPMENT TRENDS ARE UNANIMOUSLY AFFIRMED
Press Release: October 20-21, 2016 Indonesia Infrastructure Summit (IIC) opened at the Hyatt Hotel in Jakarta The theme of the meeting was "Pr ...
Thursday, 03 November 16
THE INDEX BASED COAL SALES & PURCHASE STRATEGY MAKES MORE EFFICIENT, SAYS 55.17% END-USERS
Considering the current coal market condition, the Index based coal sales & purchase strategy make more efficient was deemed the winner by 57.0 ...
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Showing 2226 to 2230 news of total 6871 |
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- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Minerals Council of Australia
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- White Energy Company Limited
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