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Monday, 22 October 18
CONTINUED HIGH LNG PRICES; TRADE WAR IMPACT LIMITED - FITCH RATINGS
 Fitch Ratings expects sustained high spot liquefied natural gas (LNG) and contract prices over the next two quarters on limited investment in LNG export projects over the previous two years due to market expectations of oversupply, higher demand during Asia's summer and winter periods and rising oil prices, with LNG contracts typically linked to oil price benchmarks with a three- to six-month lagged effect.
LNG demand should also be supported across the Asia-Pacific region by rising energy usage and a government-supported switch to natural gas from coal to curb air pollution. Most of the region's demand growth has come from China, which is now the second-largest global LNG importer, behind Japan. Chinese government policy encouraging a switch to gas for winter heating led demand to rise by 46.4% in 2017, with further growth in 2018. This should support further investment in LNG over the next two years, with the market potentially entering a deficit in 2022-2025.
The ongoing trade war between China and the US, with China placing an initial 10% tariff on US LNG, may delay further investment in US projects and limit US export volume to China. However, China only accounted for 15% of US LNG exports over 2017 and Fitch expects US cargos to be redirected to other markets should exports become uncompetitive. We believe the ongoing impact will be limited, as Chinese importers had already cut purchases of US natural gas in the previous few months. PetroChina Company Limited (A+/Stable) had also signed a long-term LNG contract with Qatargas in September 2018, which should mitigate the loss of US imports.
Trade tensions may slow further investment in US LNG facilities, but globally, several major LNG projects have either been greenlit or moved towards final investment decision (FID). We do not expect new projects to deliver their first cargos until around 2022, as LNG projects typically take around four to five years from FID to first cargo delivery.
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Wednesday, 24 October 18
MARKET INSIGHT - NASSOS SOULAKIS
Looking at 2018 SnP activity, it is evident that Greek, Chinese and North European (German and Norwegian) owners are the top buying nationalities, ...
Wednesday, 24 October 18
CHINESE POWER PLANT STOCKPILES AT HIGHEST LEVEL SINCE 2015 - JEFFREY LANDSBERG
Chinese power plant coal stockpiles have climbed to approximately 83.3 million tons as of the middle of this month, said Jeffrey Landsberg in his e ...
Tuesday, 23 October 18
WILL THE U.S. COAL DECLINE CONTINUE? - FORBES
What’s Trump’s new coal proposal?
Adding to its controversial plan to leverage federal authority to keep retiring baselo ...
Monday, 22 October 18
WINTER OIL MARKET OUTLOOK - OPEC
The oil market in the winter season is generally characterized by demand for diesel, particularly in the northern hemisphere, leaving product marke ...
Saturday, 20 October 18
PANAMAX: THE PACIFIC SAW A LARGE VOLUME OF FIXING, WITH INDONESIA AGAIN THE DRIVING FORCE - THE BALTIC BRIEFING
Capesize
A positive end to last week after a shaky start, with a Coaltrans taking participants out of the market early on and with rates slippi ...
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- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- White Energy Company Limited
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
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