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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, 04 April 16
CAPE INDEX JUMPED 70% WEEK ON WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 01 April 16
ASSESSING THE DRY BULK MARKET AT ROCK BOTTOM - CLARKSONS
While the opening months of the year are typically a weak period for the dry bulk market, the downturn so far this year has been severe. Earnings h ...
Friday, 01 April 16
NINE AM - TIME TO GET AN INDONESIAN LANGUAGE VERSION OF YOUR CHARTERPARTIES - CLYDE & CO
KNOWLEDGE TO ELEVATE
For several years, Indonesian law (Article 31, Law Number 24 of 2009) has required that memoranda of understanding (" ...
Friday, 01 April 16
U.S. COAL PRODUCTION UP SLIGHTLY WEEK OVER WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 11.6 million shor ...
Thursday, 31 March 16
CAPE: ANOTHER UNEVENTFUL WEEK WITH FIXTURES CONCLUDED AT LAST DONE LEVELS - FEARNLEYS
Cape
Another uneventful week with fixtures concluded at last done levels, CS levels remain around the USD 3 mark, whilst C3 is still just short o ...
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- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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