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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, 17 June 20
KOREA SOUTHERN POWER CO INVITED 80000 MT OF LOW CALORIFIC VALUE COAL FOR AUGUST 1H, 2020 LOADING
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 Metric Tons (MT) Min 4,200 kcal/kg - Max. ...
Tuesday, 16 June 20
A GLOBAL ECONOMIC SLUMP: WHAT WILL IT MEAN FOR METALS AND MINING? - WOOD MACKENZIE
Back before coronavirus knocked “normal” out cold, the key issues for miners were sub-investment prices, rising requirements for ESG an ...
Tuesday, 16 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.58 PCT - XINHUA
China Taiyuan coal transaction price index stood at 124.43 points Monday, up 0.58 percent week on week.
The index, released by China ...
Tuesday, 16 June 20
HIGHER IRON ORE PRICES OFFSET CORONAVIRUS-DRIVEN PRODUCTION RISK - FITCH RATINGS
Lower iron ore production in Brazil, resulting from rising coronavirus infections, should only marginally affect the cash flow of Vale and other gl ...
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. ...
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- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- MS Steel International - UAE
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Planning Commission, India
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- The University of Queensland
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- London Commodity Brokers - England
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