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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, 01 June 16
ZERO SUPPLY TO FUEL GROWTH IN THE DRY BULK MARKET SAYS BIMCO PRESIDENT
The dry bulk market could become profitable again in 2019 – but only if a series of extremely tough and sustained measures are taken by shipo ...
Wednesday, 01 June 16
MARKET INSIGHT - LINOS KOGEVINAS
In another page from this year’s oil drama, oil has, after a series of gains, rebounded to ~$50 / barrel and immediately stopped climbing. &n ...
Tuesday, 31 May 16
CS50 INDONESIA COAL INDEX UP 0.28% COMPARED WITH A WEEK AGO
COALspot.com: Average 5000 GAR coal index of Indonesian origin was up 0.28 percent week over week to averaging $39.01 per ton this past week, shows ...
Monday, 30 May 16
BORYEONG POWER PLANT TO IMPORT HALF A MILLION TONS OF BITUMINOUS COAL
COALspot.com: South Korea’s state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 500,000 Metric Tons of Bituminous Coal T ...
Monday, 30 May 16
BCI ENDING AT 830 POINTS, DOWN 4.6 PER CENT W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this week. The freight market was weak this past ...
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Showing 2411 to 2415 news of total 6871 |
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- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- PTC India Limited - India
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
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