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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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Tuesday, 08 December 15
HOW TO MITIGATE LEGAL RISKS WHEN PURCHASING BUNKERS - LESSONS LEARNED FROM THE OW BUNKER COLLAPSE - THE SWEDISH CLUB
KNOWLEDGE TO ELEVATE
About a year has passed since OW Bunker & Trading A/S filed for bankruptcy. The collapse shows that there are signifi ...
Monday, 07 December 15
5000 GAR CS (I) COAL INDEX REMAIN THE SAME OVER LAST WEEK
COALspot.com: The 5000 GAR CS (i) coal index remain the same over last week.
According to the CS (i) coal (system generated) index, the CS 50 ...
Monday, 07 December 15
COAL DEMAND IN 2016 FAILS TO SUPPORT PRICES; CFR SOUTH CHINA COAL SWAPS SEEN AT $US 42 A TON
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery declined US$ 1.70 (3.88%) per ton month over month.
A commodity swap ...
Sunday, 06 December 15
THE BDI DECLINED BY 3.09 PERCENT TO 563 POINTS ON 4 DECEMBER
COALspot.com: The BDI declined by 3.09 percent to 563 points on 4 December 2015.
The Cape index was also declined by 10.01 percent to 890 poin ...
Sunday, 06 December 15
DRY BULK MARKET ON REVERSE MODE, SET TO BREAK NEW ALL-TIME LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been the negative “star” of the shipping industry for quite some time. In fact if it wasn’t for the boomi ...
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- Malabar Cements Ltd - India
- Planning Commission, India
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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