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Thursday, 24 October 19
AUSTRALIA'S HOPES TO EXPAND COAL EXPORTS IN SOUTH-EAST ASIA 'DELUSIONAL', EXPERTS SAY - THE GUARDIAN
 The number of new coal-fired power plants starting construction across south-east Asia has fallen markedly over the past two years as Australia has increasingly looked to the region to expand its thermal coal exports.
Analysis by US-based climate research and advocacy group Global Energy Monitor found work on only 1.5 gigawatts of new coal generation – equivalent to one large Australian plant – began in the region in the six months to June, all of it in Indonesia.
It follows construction starting on plants with a capacity of 2.7 gigawatts last year, a 57% fall below 2017 levels and 79% less than in 2016.
While coal plants take years to build and some under construction are yet to come online, analysts said it raised doubts about whether demand in south-east Asia would continue to grow as the Morrison government expected.
The government’s chief economist reported in September that south-east Asia was expected to be a key source of growth for thermal coal exports as demand from the biggest markets in Japan, China and Korea declined in coming years. The region increased imports by 15% in 2018 and was the only area in which coal’s share of electricity generation rose.
But Ted Nace, Global Energy Monitor’s executive director, said the latest data suggested the expected south-east Asian thermal coal expansion could turn out to be “more fizz than boom”.
He said as the impetus to combat the climate crisis grew, it was increasingly difficult to get people to commit the hundreds of millions needed to build a coal generator.
“The number of plants entering construction during the first six months of 2019 is extremely low and we see this decline continuing,” he said.
The Morrison government says it is committed to the Paris agreement goals, including limiting global heating to as close to 1.5C as possible. The UN’s Intergovernmental Panel on Climate Change last year estimated that reaching the goal would require a 59% to 78% cut in coal use for electricity by 2030 compared with 2010 levels, followed by deeper reductions by mid-century.
Despite this, documents released to the Australian Conservation Foundation under freedom of information laws show department advice to Scott Morrison before a visit to Vietnam in August “strongly recommended” he focus on expanding coal exports. The emailed advice said the potential growth in exports to Vietnam could “partially mitigate declining exports elsewhere, notably China”.
The Global Energy Monitor analysis identified Vietnam as having the largest number of coal projects at pre-construction stage in south-east Asia, with 22.9 gigawatts proposed. It found another 26.4 gigawatts had been cancelled over the past five years before being built and work on only 1.5 gigawatts had begun since the end of 2016.
Across south-east Asia, 53.4 gigawatts of capacity is listed as at pre-construction stage but 69.6 gigawatts have been cancelled since 2015.
About three-quarters of Australia’s thermal coal export earnings are tied to three countries – Japan (45% of sales), China (16%) and South Korea (15%). The government’s office of the chief economist forecasts sales to Japan and Korea to steadily decline as the countries move away from coal. China is considered less predictable, in part due to the potential for abrupt changes in government policy.
Tim Buckley, from thinktank the Institute for Energy Economics and Financial Analysis, said the number of Asian coal projects to have secured financial backing had fallen by between 50% and 70% over the past three years, while the rate of plant closures had increased 50%.
He said it suggested Australia’s thermal coal sales would steadily decline over two-to-three decades. “Any suggestion that thermal coal exports have growth potential is delusional or outright misleading,” he said.
Source: The Guardian
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Tuesday, 26 November 19
PREPARATIONS INTENSIFY AS 1 JANUARY 2020 GLOBAL CUT IN SULPHUR IN SHIP'S FUEL OIL LOOMS: IMO
“IMO 2020” requirements for ships to cut sulphur oxide emissions enter into effect in just over one month’s time. This will signi ...
Monday, 25 November 19
COAL SUPPLY BY CIL TO POWER SECTOR DROPS OVER 8 PC TO 253 MT IN APRIL-OCTOBER - PTI
Supply of coal by state-owned CIL to the power sector registered a decline of 8.5 per cent to 253 million tonnes in the April-October period of thi ...
Monday, 25 November 19
A 53,000DWT SHIP FIXED AT $9,500 DELIVERY SINGAPORE TRIP, VIA INDONESIA, REDELIVERY VIETNAM - BALTIC BRIEFING
Capesize
After a week of value being eroded on the Capesize market, Friday brought improved sentiment across most of the routes. The 5TC averag ...
Monday, 25 November 19
KOWEPO INVITED 6.79 MILLION TONS OF (SUB)BITUMINOUS STEAM COAL BIDS
COALspot.com: South Korea’s Korea Western Power Co., Ltd. (KOWEPO) has issued an international tender for 6,798,000 tons of coal for 5 years ...
Friday, 22 November 19
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Australian Coal Association
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
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