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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, 26 October 16
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
If the finale of a thriller movie finds the leading actor successfully surviving after all the sacrifices he has made, the audience presumes this t ...
Tuesday, 25 October 16
INDONESIAN COAL PRICES MARCH HIGHER CONTINUES
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing and it is expected to rally at l ...
Tuesday, 25 October 16
THINGS ARE SLOWLY STARTING TO IMPROVE AS CORRECTIONS ARE MADE - ALLIED
It seems as though left, right and centre, all we see nowadays is the word “restructuring”.
There is restructuring amongst bankers ...
Monday, 24 October 16
KOMIPO INVITES BIDS FOR 0.78 MILLION TONS OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 780,000 Metric Tons of Bituminous Coal for its B ...
Monday, 24 October 16
U.S WEEKLY COAL PRODUCTION DECLINED 3.2% TO 16 MMST WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16 million short tons ...
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- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- White Energy Company Limited
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- PTC India Limited - India
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
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