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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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Thursday, 18 August 16
CAPESIZE: AN EXTREMELY VOLATILE LAST WEEK, WHERE THE MAIN DRIVER HAS BEEN THE WEST AUSTRALIA MARKET
Supramax
The week has held up. After the most of the world is back at work there is some optimism again in the market. The Far East volume has in ...
Tuesday, 16 August 16
WEEKLY CS42 COAL INDEX SOARS 14.08% YEAR TO DATE AMID HIGH DEMAND
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 2.37% week over week to averaging $42.84 per ton this past week, shows CS (i) C ...
Monday, 15 August 16
DRY BULK: 2017 COULD MARK THE START OF LOWER SHIP DELIVERIES HELPING TONNAGE SUPPLY ISSUES IN THE MARKET, SAYS SHIPOWNER - HELLENIC SHIPPING NEWS
Dry bulk owner Pacific Basin, mainly active in the Handysize and Supramax trades appeared optimistic in its analysis of the prospects of the dry bu ...
Monday, 15 August 16
INDONESIAN COAL PRICES RALLYING; COAL OUTPUT REMAINS FLAT
COALspot.com: Global thermal coal prices, including Indonesian coal prices have risen sharply due to jump in imports from China as it curbs domesti ...
Monday, 15 August 16
THE SPOT FREIGHT MARKET STRENGTHEN OVER THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose as Cape and Panamax segments ending in a positive no ...
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Showing 2316 to 2320 news of total 6871 |
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- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Planning Commission, India
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
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