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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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Friday, 27 May 16
PET-COKE IMPORTS TO FACE PRESSURE IN INDIA
COALspot.com: An Indian environmental activist moved the National Green Tribunal seeking ban on the use of all forms of petroleum coke, also called ...
Friday, 27 May 16
US COAL PRODUCTION ROSE 2.9% WOW, ACCORDING TO EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.7 million short tons (mm ...
Thursday, 26 May 16
GIANT ORE CARRIERS SET TO PLAY A BIGGER ROLE IN THE GLOBAL SHIPPING FLEET: CHINA EMBRACES VALEMAXES - RICHARD SCOTT
Another phase of the giant ships era is approaching. Chinese shipowners placed orders recently for 30 huge ‘valemax’ ore carriers. Thes ...
Wednesday, 25 May 16
MEDIATION AS A WAY TO RESOLVE DISPUTES IN THE SHIPPING INDUSTRY - LANA JACOBS
KNOWLEDGE TO ELEVATE
The shipping market is currently experiencing a serious recession with the Baltic Dry Index and Baltic Capesize Index bot ...
Wednesday, 25 May 16
DRY BULK SNP MARKET DISPLAYS SIGNS OF STRENGTH - GEORGE ILIOPOULOS
Only a couple of weeks away from the world’s most prominent maritime event, the market for tankers displays an evident lack of confidence in ...
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Showing 2416 to 2420 news of total 6871 |
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- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Australian Coal Association
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- The University of Queensland
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
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