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Wednesday, 19 December 18
GLOBAL COAL DEMAND SET TO REMAIN STABLE THROUGH 2023, DESPITE HEADWINDS - IEA
 While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years, as declines in Europe and North America are offset by strong growth in India and Southeast Asia, according to the International Energy Agency’s latest coal market report, Coal 2018.
Air quality and climate policies, coal divestment campaigns, phase-out announcements, declining costs of renewables and abundant supplies of natural gas are all putting pressure on coal. As a result, coal’s contribution to the global energy mix is forecast to decline slightly from 27% in 2017 to 25% by 2023.
But coal demand grows across much of Asia due to its affordability and availability. India sees the largest increase of any country, although the rate of growth, at 3.9% per year, is slowing, dampened by a large-scale expansion of renewables and the use of supercritical technology in new coal power plants. Significant increases in coal use are also expected in Indonesia, Vietnam, Philippines, Malaysia and Pakistan.
Coal in China accounts for 14% of global primary energy, the largest around in the world. Developments in the Chinese coal sector have the potential to affect coal, gas and electricity prices across the world, for instance through inter-fuel substitution or regional arbitrage. This puts China’s coal sector at the centre of the global energy stage. While China accounts for nearly half of the world’s coal consumption, its clean-air measures are set to constrain Chinese coal demand going forward. We forecast Chinese coal demand to fall by around 3% over the period.
Meanwhile, in a growing number of countries, the phase out of coal-fired generation is a key policy goal. But market trends are proving resistant to change.
“The story of coal is a tale of two worlds with climate action policies and economic forces leading to closing coal power plants in some countries, while coal continues to play a part in securing access to affordable energy in others,” said Keisuke Sadamori, Director of Energy Markets and Security at the IEA. “For many countries, particularly in South and Southeast Asia, it is looked upon to provide energy security and underpin economic development.”
This is why the IEA sees technologies like Carbon Capture, Utilisation and Storage (CCUS) as essential tools to bridge current and future energy needs with global and national climate ambitions. To help build a new momentum behind the technology, the IEA and the Government of the United Kingdom recently co-chaired an international summit where ministers, senior governmental officials across the world, CEOs from major energy companies and the financial community came together to identify practical steps to accelerate investment and deployment of CCUS.
“Tackling our long-term climate goals, addressing the urgent health impacts of air pollution and ensuring that more people around the world have access to energy will require an approach that marries strong policies with innovative technologies,” said Mr Sadamori. “It must rely on all available options – including more renewables, of course – but also greater energy efficiency, nuclear, CCUS, hydrogen, and more.”
Source: IEA
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Sunday, 20 January 19
OIL MARKET REPORT: A MARATHON, NOT A SPRINT - IEA
Last month, we asked if there was a floor under prices following the signing of a new Vienna Agreement that aims to re-balance the oil market. Foll ...
Thursday, 17 January 19
EIA ESTIMATES THAT U.S. COAL EXPORTS WERE 116 MMST IN 2018, 20% HIGHER THAN THE AMOUNT EXPORTED IN 2017
Coal Supply
EIA estimates that coal production declined by 20 million short tons (MMst) (3%) in 2018, despite a 19 MMst increase in U.S. coal e ...
Thursday, 17 January 19
U.S COAL OUTPUT IS EXPECTED TO FALL BY 3 PER CENT IN 2019 - EIA
EIA forecasts that U.S. coal production will total 729 million short tons (MMst) in 2019, down by 25 MMst (3%) from 2018.
Acco ...
Wednesday, 16 January 19
SHIPPING MARKET INSIGHT - INTERMODAL
As we go through the first days of the year and just a few weeks before the Chinese New Year, the ship repair sector is witnessing a big difference ...
Monday, 14 January 19
KOREA SOUTHERN POWER INVITES BIDS FOR 320,000 MT OF MIN 3,800 NCV COAL
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 3,800 kcal/kg NCV coal for ...
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- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- ASAPP Information Group - India
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- MS Steel International - UAE
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- The University of Queensland
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
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