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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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Wednesday, 21 October 15
MARKET INSIGHT - TIMOS PAPADIMITRIOU
In today’s dry bulk market, both freight rates and asset prices are creating mixed feelings to seasoned ship owners, who tend to instinctivel ...
Wednesday, 21 October 15
INDONESIAN COAL MINER BUKIT ASAM POSTS POSITIVE PERFORMANCE DURING FIRST THREE QUARTERS OF 2015
COALspot.com: Indonesian publicly listed and state controlled coal miner PT. Bukit Asam has announced that, the company’s coal sales up 8 per ...
Wednesday, 21 October 15
LOWER DEMAND HIT Q1' 16 INDONESIA COAL SWAPS
COALspot.com: Indonesian coal swap for delivery Q4 2015 declined month on month and week over week.
The Q4 swap declined $ 1.88 (-4.71%) per t ...
Tuesday, 20 October 15
SHIPBROKER SEES CAPESIZE RATES EASILY REACHING $25,000/DAY BY YEAR-END : NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The future course of the dry bulk market has been troubling market participants for quite some time now, as the “elusive” freight rate ...
Tuesday, 20 October 15
FOB RICHARDS BAY COAL SWAPS SINK INTO RED THIS PAST WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q4' 2015 declined week over week and month over month.
The Q4 swap was down US$ ...
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- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- PTC India Limited - India
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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