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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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Wednesday, 13 June 18
SHIPPING MARKET INSIGHT - SOPHIE COTZIAS
2018 marks quite a few milestones for Greek Shipping. No need to detail again the greatness of Greek Shipping or the singular position that Greek s ...
Monday, 11 June 18
AUSTRALIAN COAL PRICES HIT 6-YEAR HIGH AS ASIA DEMAND SPIKES - REUTERS
Australian thermal coal prices have risen to their highest level since 2012 as hot weather across North Asia spurs buying ahead of the peak summer ...
Monday, 11 June 18
ANALYSING A NEW AGE OF AUTONOMOUS VESSELS - IMO
The International Maritime Organization answers the questions of Government Europa on how the next generation of autonomous vessels can be regulate ...
Friday, 08 June 18
AUSTRALIAN THERMAL COAL PRICES SURGE AS ASIA DEMAND HEATS UP - REUTERS
Australian thermal coal prices have hit their highest level since late 2016 as the market heats up on strong demand across North Asia and China in ...
Wednesday, 06 June 18
SHIPPING MARKET INSIGHT - KATERINA RESTIS
As observed last month the price of oil hit its highest level since November 2014 reaching $80 per barrel. Global oil demand growth for 2018 was sl ...
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- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Planning Commission, India
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Parliament of New Zealand
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- PTC India Limited - India
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- The University of Queensland
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- White Energy Company Limited
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
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