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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, 05 November 15
INFORMATION EXCHANGE GROUP'S LATAM MINING SECURITY SUMMIT 2016 - INTERNATIONAL CONFERENCE ON TECHNOLOGY SECURITY IN MINING
Press Release: LATAM Mining Security Summit 2016 is a carefully designed event that will bring together the leading stakeholders in the mining sect ...
Wednesday, 04 November 15
MARKET INSIGHT - CHRISTOPHER THOMAS WHITTY
Four companies dominate global iron ore production, namely; BHP Billiton, Vale, Rio Tinto, and Fortescue Metals Group. Together these companies con ...
Wednesday, 04 November 15
FOB RICHARDS BAY COAL SWAPS GAIN W-W AND M-M
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q4' 2015 gained week over week and month over month.
The Q4 swap was up US$ 1.4 ...
Tuesday, 03 November 15
THE DISCHARGE OF CARGO IN THE PRC WITHOUT ORIGINAL BILLS OF LADING - CLYDE&CO
KNOWLEDGE TO ELEVATE
On occasions, a vessel may arrive at a port and be ready to discharge but the original bills of lading in respect of the ...
Tuesday, 03 November 15
API 5 FOB NEWCASTLE COAL SWAPS DECLINE CONTINUES
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2015 delivery slid $1.84 per ton (4.34%) month over month to US$ 40.54 per ton. The swap ...
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- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- The University of Queensland
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
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