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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, 29 August 16
THE FREIGHT MARKET WAS STEADY AND FIRM THIS PAST WEEK; BCI ROSE 18.74%
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
Friday, 26 August 16
WEEKLY US COAL OUTPUT UP 0.7% W/W TO 16 MMST: EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16 million short tons ...
Thursday, 25 August 16
SUPRAMAXES ARE BEING FIXED IN REGION OF $9000
Supramax
Due to Chinese coal imports which continues to source much of the tonnage in SE Asia combined with a good flow of mineral exports ex Aus ...
Wednesday, 24 August 16
MARKET INSIGHT
Brazil and the world bid farewell on Sunday to the first Olympic Games in South America in the midst of a finale meant to be both one last bash and ...
Wednesday, 24 August 16
DRY BULK VESSELS FACE CONTINUED DISTRESS - CLEAR ASSET
Dry bulk vessels have faced extreme distress in recent years. With a combination of factors including newer vessels being ordered with up to 5-year ...
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- The University of Queensland
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- White Energy Company Limited
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
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