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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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Wednesday, 15 July 20
CHINA'S JUNE COAL IMPORTS FALL 6.7% Y/Y ON PORT CURBS - REUTERS
China’s coal imports dropped 6.7% in June from the same period last year, as stringent import restrictions at ports impeded purchases by trad ...
Wednesday, 15 July 20
MARKET INSIGHT - INTERMODAL
The Covid-19 virus spread around the world has obviously impacted the global oil demand while the situation remains fluid. The overall constraint ...
Tuesday, 14 July 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.75 PCT - XINHUA
China Taiyuan coal transaction price index stood at 126.01 points Monday, up 0.75 percent week on week.
The index, released by China ...
Tuesday, 14 July 20
TURKEY - A CASE OF UNDECLARED BUNKER - GARD
KNOWLEDGE TO ELEVATE
Undeclared/excess bunkers can be considered a criminal act by Turkish customs officials with the ship's crew being ac ...
Monday, 13 July 20
PANAMAX: A TUMULTUOUS WEEK IN THE PANAMAX MARKET ENSURED ALL MARKETS GAINED VALUE ON THE WEEK - BALTIC BRIEFING
Capesize
This week witnessed the dreaded correction in the Capesize market, with the time charter average shedding almost 18 per cent to close ...
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- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Minerals Council of Australia
- Indian Energy Exchange, India
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
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