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Tuesday, 31 March 20
COAL POWER REMAINS IN GLOBAL DECLINE, DESPITE CHINESE SURGE - SYDNEY MORNING HERALD
The impact of coronavirus has prompted a surge in coal-fired power plant construction permits in China, with the Chinese government issuing more permits in a couple of weeks of March than it did all of last year.
The Chinese government issued permits for the construction of 6.6 gigawatts of coal-fired power capacity between March 1 and March 18, compared with 6.3 gigawatts in 2019, according to a new report by the Global Energy Monitor, which tracks coal plant capacity from proposal stage through to completion.
The report, Boom and Bust 2020: Tracking The Global Coal Plant Pipeline, found that due to the Morrison government’s pro-coal policies, Australia was second only to China in the world for proposals of new coal power stations, with 3 gigawatts proposed. However, would-be developers were having trouble sourcing finance as banks and lenders toughened their stance against fossil fuels and as prices for new renewable energy continued to fall beneath that for coal-fired generators.
The fifth annual survey of the coal demand – which tracks plants from proposal stage, through permits to completion – found there was a 16 per cent drop in capacity in the pipeline over the past year and a 66 per cent fall since 2015.
Despite the decline in development, coal capacity swelled by 34.1 gigawatts in 2019, the first increase in net capacity since 2015. Nearly two-thirds of newly commissioned capacity was in China.
Outside China, the global coal fleet overall shrank for the second year in a row, as other countries together retired more coal capacity than they commissioned.
“Global power generation from coal fell by a record amount in 2019, as renewable energy grew and power demand slowed down,” said Christine Shearer, lead author and Director of Global Energy Monitor’s Coal Program. “Regardless, the number of new plants added to the grid accelerated, meaning that the world’s coal plants were operated a lot less – more plants generating less power,” she said. “For banks and investors that continue to underwrite new coal plants, this means weakened profitability and increased risk.”
The coronavirus pandemic has also stalled projects worth $US17.1 billion due to labour and supply chain disruption across south and south-east Asia – regions crucial to the future of the Australian thermal coal industry – the report found.
Even more ominously for Australian exporters, the report found that between 2016 and 2019 construction starts fell by more than 85 per cent, from 12.8 GW to 1.8 GW. In India the pre-construction pipeline shrank by half.
Tim Buckley, the director of Energy Finance Studies at the Institute for Energy Economics and Financial Analysis, said that the report confirmed the thermal coal industry was in terminal decline, despite the uptick in permits in China.
He said that over the past two years China had suspended its efforts to curb pollution – and coal energy capacity – in response to the trade war with the United States, and was now leaning even more heavily on coal to stimulate its economy in the face of the coronavirus.
But he said that as a result of that diversion of effort, China was no longer investing in coal plants throughout the Asian region.
China’s coal power capacity was increasingly idle, running at below 50 per cent.
He said that even as it built new coal-fired power plants, China was decommissioning plants built just a decade ago, or well shy of their designed life.
Source: Sydney Morning Herald
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Tuesday, 16 June 20
SHALE SHOCKED - WOOD MACKENZIE
Capturing shut-ins in real time
Oil markets are searching for balance as the world reflects on the impact of the COVID-19 pandemic. ...
Sunday, 14 June 20
INDONESIAN COAL WAS STILL IN DEMAND; A 52,000-DWT SUPRAMAX FIXING DELIVERY CJK FOR A ROUND VOYAGE VIA INDONESIA AT $6,250 - BALTIC BRIEFING
Capesize
The Capesize market made new highs for the year this week after strong iron ore demand to the far east continued to develop in the mar ...
Friday, 12 June 20
CHINA CURBS COAL IMPORTS AFTER 5 MONTHS OF RECORD INFLOWS - SOURCES: REUTERS
China has stepped up customs checks for coal imports, leading to lengthy processing delays at ports, four sources familiar with the matter said, as ...
Friday, 12 June 20
COAL INDIA LIMITED SET FOR MARKETING DRIVE TO CREATE DEMAND - FINANCIAL EXPRESS
State-run miner Coal India (CIL), which is primarily focused on supplying coal to the power sector, is now reorienting its marketing to create dema ...
Friday, 12 June 20
MOODY'S REVISES BRENT OIL PRICE OUTLOOK TO $35/BARREL IN 2020 - TASS
Low oil prices are likely to exert the highest pressure on Iraq, Oman and Kuwait due to the limited space for the fiscal policy pursuit and higher ...
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Showing 911 to 915 news of total 6871 |
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- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
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