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Friday, 19 June 20
INDIA'S COAL CONSUMPTION GROWTH IN 2019 SLOWEST SINCE 2001: BP STATS REVIEW - HINDU BUSINESS LINE
Growth in global energy markets slowed in 2019 in line with weaker economic growth, according to the bp Statistical Review of World Energy 2020. There was also a partial unwinding of some of the one-off factors that boosted energy demand in 2018.
“This slowdown was particularly evident in the US, Russia and India, each of which exhibited unusually strong growth in 2018,” the study said.
The growth of coal in India, usually a key driver of coal consumption, was only 0.3 per cent– its lowest since 2001. These increases in coal consumption were more than offset by falls in demand in the developed world, led by the US and Germany.
“Global coal consumption and production fell by 0.6 per cent, its fourth decline in six years, displaced by natural gas and renewables, particularly in the power sector. As a result, coal’s share in the (global) energy mix fell to 27 per cent, its lowest level in 16 years. Coal consumption continued to increase in some emerging economies, particularly in China, Indonesia and Vietnam.”
The growth in carbon emissions in 2019 was also slowed from the sharp increase seen in the previous year, as primary energy consumption decelerated, and renewables and natural gas displaced coal from the energy mix.
Despite the globally lower consumption, China was by far the biggest individual driver of primary energy growth, accounting for more than three quarters of net global growth. India and Indonesia were the next largest contributors, while the US and Germany posted the largest declines in energy terms, the study said.
Commenting on the impact of Covid-19 crisis, Spencer Dale, bp chief economist said, “Global energy markets have been severely disrupted by the pandemic.”
Bernard Looney, bp chief executive officer, said: “The average annual growth in carbon emissions over 2018 and 2019 was greater than its 10-year average. As the world emerges from the Covid-19 crisis it needs to make decisive changes to move to a more sustainable path. The disruption to our everyday lives caused by the lockdowns has provided a glimpse of a cleaner, lower carbon world: air quality in many of the world’s most polluted cities has improved; skies have become clearer.”
“But to get to net zero by 2050, the world requires similar-sized reductions in carbon emissions every other year for the next 25 years,” Looney said.
Net zero means balancing carbon emissions with removal methods or simply eliminating carbon emissions altogether. This is a goal aimed at lowering the pollution levels emanating due to fossil fuel consumption.
Source: The Hindu Business Line
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Saturday, 01 August 20
SHIP SHAPE - OUCH: FIS
Thursday afternoon saw a report that US GDP in Q2 shrank by 32.9%. Now this may have beaten expectations, but it’s a bit like saying that you ...
Saturday, 01 August 20
ASIA HOPE FOR LONG-TERM OIL DEMAND - BALTIC BRIEFING
Oil demand in Asia Pacific might be expected to plunge 1.8m barrels per day (bpd) this year, but there are still strong prospects for growth over t ...
Friday, 31 July 20
SHORT-TERM IMPACT ON THE CHEMICAL SHIPPING MARKET IF THE INDIA-CHINA DISPUTE ESCALATES - DREWRY
Due to the India-China dispute, the threat of deteriorating trade relations between the two countries has become real. Meanwhile, we expect freight ...
Friday, 31 July 20
PANAMAX: THE PERIOD MARKET REMAINS QUIET WITH FEW FIXTURES REPORTED - FEARNLEYS
Capesize
After weeks of dropping rates, there are finally some resistance for the Capes. Pacific rounds improving to upper15,000s by the middle ...
Friday, 31 July 20
PANDEMIC SENDING SOUTH AFRICAN COAL INDUSTRY TO EARLIER GRAVE - IEEFA
Could South Africa’s coal export industry, one of the largest in the world, be about to take a severe hit from the coronavirus?
...
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- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Central Electricity Authority - India
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
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