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Wednesday, 12 February 20
CHANGES IN LNG MARKET COULD UNDERCUT PLANS FOR NEW JAPANESE COAL PLANTS - CLYDE RUSSELL
Reuters: Clyde Russell
The collapse in the spot price of liquefied natural gas (LNG) in Asia is a short-term phenomenon that may well end up having a longer-term impact, especially on thermal coal.
The spot price dropped to $2.95 per million British thermal units (mmBtu) for the week ended Feb. 7, the lowest price in records stretching back to 2010. It has lost 57% of its value since the pre-winter peak of $6.80 per mmBtu in mid-October, and is down 74% from the peak price in 2018 and 86% from the all-time high from February 2014.
While it’s unlikely that spot LNG prices will stay at the current depressed levels indefinitely, the trend toward structurally lower prices appears sustainable. There is still no shortage of LNG projects being built, with 17 million tonnes of capacity due to be commissioned this year alone, and considerably more likely in the next five years, as projects from Russia to East Africa start to come online.
This supply surge is likely to have two impacts on prices. Firstly, it will ensure that spot prices remain under downward pressure, and secondly, it will likely accelerate the shift away from long-term, oil-linked contracts to shorter-term, more flexibly priced deals.
This change in the way LNG is priced should give pause for considerable thought to any would-be developers of thermal coal power projects based on imported fuel in Asia, especially Japan. As a country that relies on imports for virtually all its energy, Japan has long prioritized security of supply and diversity in its energy mix. But perhaps the sands have shifted enough to lead to a re-think.
It would in all likelihood be possible to sign long-term or medium-term LNG supply pacts that are not linked to the price of crude oil, but rather to other instruments such as U.S. Henry Hub natural gas, or European gas prices, or even seaborne thermal coal costs. This could give Japan the security of supply it desires, but virtually eliminate the problem LNG has always had, its high cost relative to thermal coal.
Source: IEEFA | Reuters
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Tuesday, 10 March 20
CHINA'S COAL-RICH PROVINCE ENSURES ENERGY SUPPLY AMID EPIDEMIC - XINHUA
China’s coal-rich province of Shanxi has seen more than 500 coal mines resume production in February, which ensured energy supply amid the ou ...
Monday, 09 March 20
OPEC+ 'NO DEAL' A BLOW TO THE MARKET - WOOD MACKENZIE
Speaking after today’s OPEC+ meeting broke up, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said: “Today’s o ...
Monday, 09 March 20
KOREA EAST-WEST POWER INVITED BIDS FOR 150,000 MT OF MIN 4,400 - MAX 5,499 NAR COAL
COALspot.com: KOREA EAST-WEST POWER CO. LTD. of South Korea has issued an international tender for total 150,000 MT of LCV coal for May – Jun ...
Sunday, 08 March 20
SUPRAMAX: A 55,000DWT VESSEL FIXING DELIVERY FROM EAST KALIMANTAN FOR A TRIP TO VIETNAM AT $9,100 - BALTIC BRIEFING
SUPRAMAX/ULTRAMAX - A 56,000DWT VESSEL FIXED DELIVERY SOUTH CHINA TRIP VIA INDONESIA, REDELIVERY EAST COAST INDIA, IN THE $6,000S
SUPRAMAX/U ...
Friday, 06 March 20
CHINA RESUMES 83.4 PCT COAL PRODUCTION CAPACITY AMID EPIDEMIC - XINHUA
China has resumed 83.4 percent of its coal production capacity amid the fight against the novel coronavirus outbreak, the National Energy Administr ...
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- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Parliament of New Zealand
- Central Electricity Authority - India
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
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