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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, 19 May 16
AUSTRALIAN IRON ORE CARGOES PUSHED UP THE FREIGHT RATES FOR CAPE THIS WEEK - FEARNLEYS
Cape
It has been a big jump in the freight rates for Cape size this week, says Fearnleys in its latest weekly report. All of the Australian iron ...
Thursday, 19 May 16
DISPUTE OVER VAT ON COAL DRAGS ON, CAUSING DOUBLE-BLOW TO MINERS - JP
The dispute over the value-added tax ( VAT ) mechanism between coal miners operating under third-generation contracts and the Finance Ministry&rsqu ...
Wednesday, 18 May 16
DRY BULK OUTLOOK REMAINS GLOOMY SAYS DANISH SHIP FINANCE, AS SHIPPING NEEDS TO RETHINK BUSINESS MODEL - HELLENIC SHIPPING
Our Shipping Market Review – May 2016 is devoted to the fourth industrial revolution. To understand the truly disruptive nature of the fourth ...
Wednesday, 18 May 16
LONG TERM FUNDAMENTALS ARE SLOWLY IMPROVING FOR THE DRY BULK MARKET - INTERMODAL
As we are approaching the end of the first half of the year, there is a number of market participants over at the dry bulk sector that have started ...
Tuesday, 17 May 16
INDONESIAN COAL PRICE REFERENCE DECLINE AGAIN
COALspot.com: The Indonesia Coal Benchmark Price declined in May 2016.
The Director General of Mineral and Coal of Indonesia, the regulator of ...
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Showing 2426 to 2430 news of total 6871 |
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- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- The University of Queensland
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Minerals Council of Australia
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Central Electricity Authority - India
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
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