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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, 08 February 16
DRY-BULK SHIPPING DIVING DEEP
COALspot.com: The freight markets continued to fall this past week.
The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of glo ...
Monday, 08 February 16
DRY BULK: SHIPBROKER SEES BDI MARKET REACHING LOW POINT OF 236 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The endless pit that is the dry bulk market over the past two months, has been the issue of debate among ship owners, shipbroker and analysts alike ...
Friday, 05 February 16
COAL INDIA EYES COAL MINES IN SOUTH AFRICA - PTI
“Coal India Ltd has plans of acquiring coal mines in South Africa,” an official said. It is looking at acquiring mines in partnership w ...
Friday, 05 February 16
U.S. WEEKLY COAL OUTPUT ROSE 4.2% TO 13.6 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.6 million shor ...
Thursday, 04 February 16
CAPESIZE: WEST AUSTRALIAN TO CHINA HAS BEEN CONCLUDED AT US$ 2.85 PMT AND THE C3 MARKET REMAINS INACTIVE - FEARNLEYS
Capesize
As everyone is getting ready for the Chinese new year, already depressed rates are under further pressure.
According to Fearnleys, ...
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- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Planning Commission, India
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
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