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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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Tuesday, 09 August 16
CS50 COAL INDEX HITS NEW FIFTY-WEEKS HIGH
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 1.78% week over week to averaging $41.85 per ton this past week, shows CS (i) C ...
Tuesday, 09 August 16
HARD COAL PRODUCTION AND WORLD TRADE ON THE DECLINE FOR THE FIRST TIME IN YEARS - VDKI
Hard coal production and world trade on the decline for the first time in years – not a harbinger of a global energy turnaround
Worldwid ...
Tuesday, 09 August 16
BREXIT, BRITANNIA AND THE WAVES - TREVOR CROWE, CLARKSON RESEARCH
This week, the Bank of England put into place its action plan following the UK referendum on 23rd June, which indicated the British population&rsqu ...
Monday, 08 August 16
INDONESIA'S DRAFT MINING LAW HINTS AT FUTURE REGULATORY FRAMEWORK
KNOWLEDGE TO ELEVATE
COALspot.com: A draft mining law published by Indonesia's Minister of Energy and Mineral Resources provides use ...
Monday, 08 August 16
THE TURKISH GOVERNMENT HAS IMPOSED A $15 A TON DUTY ON POWER PLANT COAL IMPORTS - MEDIA
COALspot.com: The Turkish government has imposed a US$15 per ton duty on thermal coal imports for use in its power sector.
According to media ...
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- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- The University of Queensland
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Coal and Oil Company - UAE
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
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