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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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Monday, 21 October 19
COAL TO PLAY SIGNIFICANT ROLE IN SOUTH AFRICA POWER MIX - MINISTER, REUTERS REPORTED
South Africa’s plans for additional power generation over the next decade will involve a variety of energy sources, with coal still playing a ...
Monday, 21 October 19
ULTRAMAX: IN ASIA, TRIPS FROM THE SINGAPORE AREA WERE PAYING BETWEEN $14,000 AND $16,000, DEPENDING ON THE VESSEL SIZE AND DURATION - BALTIC BRIEFING
Capesize
The market traded in a relatively stable supported manner in the Pacific this week while the Atlantic experienced weakening turbulence ...
Friday, 18 October 19
WHY CRUDE TANKER RATES JUST FELL (HALFWAY) BACK TO EARTH - FREIGHT WAVES
Panic drove crude-tanker rates up, very briefly, to mind-bogglingly high assessed levels of around $300,000 per day. Now, the fear factor has been ...
Friday, 18 October 19
SHORT TERM STRENGTH FOR OZ COMMODITIES - BALTIC BRIEFING
Volatility in the global commodity markets is not expected to unduly rattle Australia’s commodity outlook through 2020, but the 2021 picture ...
Friday, 18 October 19
SINGAPORE'S APEX TO LAUNCH LOW-SULFUR FUEL OIL CONTRACT AHEAD OF NEW SHIPPING RULES - REUTERS
Singapore-based Asia Pacific Exchange (APEX) will launch a low-sulfur fuel oil (LSFO) futures contract on Friday aimed at helping shipping and ener ...
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- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Wilmar Investment Holdings
- White Energy Company Limited
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Australian Coal Association
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- The University of Queensland
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- The Treasury - Australian Government
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Central Electricity Authority - India
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
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