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Monday, 07 May 18
GLOBAL COAL DEMAND ROSE ABOUT 1% IN 2017; ASIA ACCOUNTED FOR THE LARGEST INCREASE IN COAL DEMAND, UP 35 MTOE RELATIVE TO 2016 - IEA
 Global coal demand rose about 1% in 2017, reversing the declining trend seen over the last two years. This growth was mainly due to demand in Asia, almost entirely driven by an increase in coal-fired electricity generation.
According to IEA, Global coal demand rose in 2017 by 1% to 3790 Mtoe after two years of decline, the main change in global energy demand trends last year.
Coal demand decreased by 2.3% in 2015 and 2.1% in 2016, led by lower demand in the power sector in key markets such as China and the United States. The rebound in coal demand in 2017 was driven entirely by an increase in coal-fired electricity generation, which drove up coal demand for power by nearly 3.5% compared to the previous year, while declining global coal use in industry and buildings offset half of the growth in coal use in electricity generation.
IEA further noted that, Asia accounted for the largest increase in coal demand, up 35 Mtoe relative to 2016. China coal-fired electricity generation increased to meet a 6% growth in electricity demand, even as the economy is moving towards a less energy-intensive model, as discussed in the World Energy Outlook 2017.
Around 15% of the increase in China’s electricity demand was due to higher demand for cooling, driven by a particularly hot summer. (This topic will be the focus of a forthcoming IEA report on how the projected growth in air conditioning usage around the world will affect global electricity demand). Despite continued reductions of coal use in buildings and industry, the growth in the power sector pushed up coal demand in China by 0.3%, after three years of declining demand. Despite this rebound, coal use in China remains below its 2013 peak, said IEA in its report.
In India, coal demand rose at a slower rate than in 2016, while in other economies in Asia – such as Korea – coal usage increased in the power sector. Demand fell by 1.6% in the United States, and by 0.5% in the European Union, after dropping by around 10% in both cases in 2016, as coal demand for electricity generation stabilised. The decline was insufficient to offset growth in other regions. Despite last year’s uptick, global coal demand remains well below its peak of 3 927 Mtoe in 2014.
The compatibility of coal use with stringent climate goals hinges critically on the development of Carbon Capture, Usage and Storage (CCUS), as shown in the IEA’s Sustainable Development Scenario. Some projects are already underway. The Boundary Dam power station in Saskatchewan, Canada, started operations in 2014. In addition, the Petra Nova Carbon Capture project in Houston, Texas was commissioned in 2017. CCUS deployment started in China with the construction of the Yanchang CCUS Project. China accounts for about half of all CCUS projects under serious consideration or planning, including four projects which will apply CCUS to coal-fired power generation.
In addition, in the United States, the 2018 Budget Bill and the extension and expansion of the “45Q” tax credits is expected to provide a significant boost for CCUS investment. This could lead to capital investment on the order of USD 1 billion over the next six years, potentially adding 10 to 30 million tonnes or more of additional CO2 capture capacity. This would increase total global carbon capture capacity by around two-thirds from today’s levels.
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Friday, 06 July 18
COAL PRICES HAVE REMAINED STRONG BUT ARE SET TO DECLINE - NAB
Coal spot prices have been highly volatile in recent years, with an upward trend since recent lows in April 2018, National Australia Bank says in i ...
Friday, 06 July 18
HOW FLEET SIZE, CORPORATE PROFILE AND STRATEGY ARE DECIDING FACTORS IN SELECTING AN APPROPRIATE FINANCING STRATEGY - PWC
KNOWLEDGE TO ELEVATE
The challenges that shipping companies are facing when selecting an appropriate financing strategy during the current per ...
Friday, 06 July 18
INDIA: GOVT TO RELAX CURBS ON INDIAN FIRMS CHARTERING FOREIGN SHIPS - HINDU BUSINESS LINE
The Ministry of Shipping is clearly in reform mode. On the heels of the recent relaxation of the cabotage law, which allows foreign flag vessels to ...
Friday, 06 July 18
AUSTRALIAN NEWCASTLE SPOT COAL PRICES HIT $120 FOR 1ST TIME SINCE 2012 - REUTERS
Australian thermal coal prices have broken through $120 per tonne for the first time since 2012, driven up by strong consumption in Asia and spot m ...
Thursday, 05 July 18
WHAT THE FAILED GLENCORE-TOHOKU COAL TALKS MEAN FOR THE MARKET - REUTERS
Electric utilities in Japan and other Asian countries are driving blind when it comes to coal prices after the failure of Japan’s Tohoku Elec ...
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- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
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