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Thursday, 26 September 19
INDIA INCREASES ITS ANNUAL COAL PRODUCTION BY 2.7% PER YEAR FROM 850 MILLION SHORT TONS IN 2018 TO 2 BILLION SHORT TONS BY 2050 - EIA
 Worldwide coal production holds steady at about 8 billion short tons, or 160 quadrillion British thermal units (Btu), per year through 2040. Increased coal use in India and other Asian countries that are not part of the Organization of Economic Cooperation and Development (OECD) helps drive consumption to more than 9 billion short tons (175 quadrillion Btu) by 2050, said U.S. Energy Information Administration in its latest International Energy Outlook 2019 with projections to 2050 report.
According to EIA, India increases its annual coal production by 2.7% per year from 850 million short tons in 2018 to 2 billion short tons by 2050 to help meet growing domestic demand. India’s coal consumption grows by an average of 3.1% per year, from 1.1 billion short tons (17 quadrillion Btu) in 2018 to 2.9 billion short tons (46 quadrillion Btu) in 2050. China remains the largest producer and the largest user of coal, consuming about 3.5 billion short tons (74 quadrillion Btu) in 2050 after peaking at 4.7 billion short tons (nearly 95 quadrillion Btu) in 2013.
In OECD countries, International Energy Outlook 2019 noted, coal consumption decreases by 2.5% per year from 2018 to 2025, before remaining relatively constant throughout the remainder of the projection period. World coal trade is projected to grow from 2018 to 2050 at an average rate of 1.4% per year, totaling 2.2 billion short tons by 2050.
Increasing coal demand in the Asian economies is driving growth in coal trade. India coal imports grow by 4.1% per year, China coal imports remain relatively constant, and the remaining countries in non-OECD Asia increase imports by 1.8% per year.
EIA says further, Metallurgical coal trade increases gradually as industrial consumption shifts to India and other countries that have limited or no metallurgical coal production. In contrast to Asia, coal imports to the Americas—largely the United States and the other non-OECD America region – grow slowly through 2050.
The Australia and New Zealand region continues to be the world’s top coal exporter, followed by other non-OECD Asia, which is predominantly accounted for as Indonesia. By 2050, Australia accounts for 33% of global coal exports, and other non-OECD Asia accounts for nearly 35% of global coal exports.
Coal’s share of China’s electricity generation decreases from 64% in 2018 to 30% in 2050. In 2050, electricity generation is projected to account for 39 quadrillion Btu of coal, while renewables, nuclear, and natural gas account for 73, 12, and 7 quadrillion Btu, respectively.
Projected coal consumption in China for uses other than electricity generation falls from 43 quadrillion Btu in 2018 to 35 quadrillion Btu in 2050 as a result of the decreasing use of both steam and metallurgical coal in industrial boilers and steel manufacturing.
In 2050, China remains the largest consumer and producer of coal in the world, with coal consumption of 74 quadrillion Btu and coal production of 3.1 Billion short tons (69.2 quadrillion Btu). Production of coal decreases as consumption decreases. China continues to produce 93% of coal needs and import about 7% of its coal demand through 2050.
In 2018, India was the world’s second-largest coal consumer after China, consuming more than 17 quadrillion Btu.Sustained industrial growth and significant efforts to further electrify the country’s rural areas are expected to continue to drive India’s coal consumption growth.
The report further noted that, in the power sector, coal consumption increases by 2.5% per year between 2018 and 2050 but it is outpaced by renewables consumption, which grows by 8.1% per year during the same period. By 2050, power sector coal consumption is 24 quadrillion Btu, and renewables consumption reaches 36 quadrillion Btu.
Strong growth in industrial applications leads projected industrial consumption to increase from 6 quadrillion Btu in 2018 to 22 quadrillion Btu in 2050.
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Wednesday, 17 April 19
LNG WESTERN AFRICA CONFERENCE 2019
The only LNG Focus Platform to Accelerate Investment and Cooperation in Western African Countries
LNG Western Africa Conference 2019 ...
Saturday, 13 April 19
IMO 2020 - DON'T SCRUB IT! - IVAR MYKLEBUST
KNOWLEDGE TO ELEVATE
Höegh Autoliners stands firm on its decision not to implement scrubbers but comply with the IMO 2020 regulations by ...
Saturday, 13 April 19
CAPESIZE: WEST AUSTRALIA TO CHINA IRON ORE CARGOES LIFTING FROM $4.60 PMT TO ABOVE $5.00 - BALTIC BRIEFING
Capesize
The market saw a steep ascent from the depths of last week. The Baltic Capesize Index (BCI) 5TC opened on Monday at $5,099, although b ...
Friday, 12 April 19
OIL MARKET REPORT: MIXED SIGNALS - IEA
The huge increase in oil production we saw in 2H18 has reversed following the implementation of the new Vienna Agreement and the increasing effecti ...
Friday, 12 April 19
OFFSHORE MENA CONGRESS 2019
Offshore MENA Congress 2019
Event Date : 11-12th Jun. 2019
Location : Cairo, Egypt
Offshore MENA Congress 2019 Offshor ...
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- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- The University of Queensland
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- PTC India Limited - India
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
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