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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, 20 June 16
THE BDI HAS FELL 23 POINTS WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities declined this past week. The BDI was fell 3.77 percent fr ...
Friday, 17 June 16
CHINA'S NEW POLICY TO REDUCE WASTE IN RENEWABLE ENERGY - FITCH
Chinese renewable energy producers are likely to benefit from a new policy that guarantees a minimum amount of solar and wind power is purchased in ...
Friday, 17 June 16
KOMIPO INVITES BIDS FOR BITUMINOUS COAL FOR BORYEONG POWER PLANT
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 ...
Friday, 17 June 16
U.S WEEKLY COAL PRODUCTION UP 7.7% - EIA
COALspot.com – U.S., the world’s one of the largest coal producer has produced approximately totalled an estimated 12.9 million short t ...
Wednesday, 15 June 16
THE DRY BULK PRICES CORRECTED UPWARDS ROUGHLY 15% - KONSTANTINOS KONTOMICHIS
Once more, the international shipping community turned its attention to Greece and more specifically to Attica that hosted Posidonia, the biggest m ...
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- Kohat Cement Company Ltd. - Pakistan
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- Binh Thuan Hamico - Vietnam
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- GAC Shipping (India) Pvt Ltd
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
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- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Merrill Lynch Commodities Europe
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- Wood Mackenzie - Singapore
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- Malabar Cements Ltd - India
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- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
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- Edison Trading Spa - Italy
- Minerals Council of Australia
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- London Commodity Brokers - England
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- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
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- Medco Energi Mining Internasional
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- Commonwealth Bank - Australia
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- Global Green Power PLC Corporation, Philippines
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- The University of Queensland
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- Neyveli Lignite Corporation Ltd, - India
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- Therma Luzon, Inc, Philippines
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- Ministry of Finance - Indonesia
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- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
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- IHS Mccloskey Coal Group - USA
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- Sakthi Sugars Limited - India
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- Orica Australia Pty. Ltd.
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- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
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- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Eastern Coal Council - USA
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- Cement Manufacturers Association - India
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- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
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- Directorate General of MIneral and Coal - Indonesia
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- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
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- Africa Commodities Group - South Africa
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- Pipit Mutiara Jaya. PT, Indonesia
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- Bangladesh Power Developement Board
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- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
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- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
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- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
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- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
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- Meralco Power Generation, Philippines
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