Eid Mubarak
  • MAY 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 89.74 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Tuesday, 23 June 20
COVID-19 COULD CAUSE A BOOM IN COAL POWER - RYSTAD ENERGY | OILPRICE
  • COVID-19 has not only impacted the energy industry’s revenues but also its infrastructure development.
  • The delay of new natural gas facilities means that many countries, such as Vietnam, will have to rely on coal-generated power to make up the shortfall.
  • The case study of Vietnam shows that these infrastructure delays will also lead to an increase in LNG imports.
 
The global energy industry downturn at the hands of Covid-19 has not only hurt immediate revenues, but is also affecting national infrastructure and energy policy planning. A Rystad Energy analysis shows that gas resources around the world will see development delays, with the construction of planned regasification facilities also at risk. Coal may benefit as a result.
 
The case of Vietnam is a good example of how a country with its own rich gas resources will fail to meet domestic production expectations, requiring an increase in liquefied natural gas (LNG) imports instead. Planned regasification facilities also risk delays due to the downturn, leaving the use of coal as the only financially viable option to meet growing power demand.
 
Vietnam’s strong GDP growth – about 6 percent to 7 percent per year – demands a growing amount of energy resources. With a hunger to satisfy the country’s stable growth, Vietnam expects its power generation capacity to reach 125 to 130 GW by 2030 from the current 54 GW of capacity. In 2019, 33 percent of the country’s power mix was met with gas and the rest was fueled by renewables and coal.
 
Even if non-gas sources meet their respective targets, there will still be significant gas demand as gas-fired power generation capacity is expected to grow from 7.2 GW at present, to 15 GW by 2025 and 19 GW by 2030.
 
Before the Covid-19 pandemic, Rystad Energy had forecasted that Vietnam’s domestic gas output would reach 10 billion cubic meters (Bcm) by 2025. Of this, around 60 percent of total gas produced was expected to come from new developments. Our updated outlook shows a much different picture, with the pandemic crisis and low oil prices postponing more than 200 Bcm of Vietnam’s undeveloped natural gas resources.
 
Regardless of the present environment, the country is already facing declining domestic gas production. Nam Con Son Gas accounted for approximately 30 percent of the country’s total gas production in 2019, and has seen an average year-over-year decline of 8 percent since 2010. Similarly, gas production from other gas projects has seen 11 percent to 40 percent y/y decline between 2011 and 2019.
 
Of the 180 Bcm of gas resources discovered in the last 10 years only the Sao Vang and Dai Nguyet fields have approved field development plans, as the FID process has proven a long and arduous road. In the past decade only 11 percent of projects have been able to secure funding and the right to proceed with drilling and the development of new resources.
 
“Although Vietnam greenfield spending was expected to triple in 2021, with investments surpassing $1.8 billion, the present dual-crisis of low oil prices and Covid-19 has affected the capital spend ability of major stakeholders, creating a huge obstacle for monetizing existing available resources,“ says Rystad Energy’s senior analyst Debika Chakraborty.
 
As a result, Vietnam will only produce 7 Bcm of gas in 2025, rather than the expected 10 Bcm, creating a 9 Bcm gap between domestic production and the 16 Bcm of expected domestic demand. Vietnam’s goal to produce 80 percent of power generation with gas in the next 15 years now seems even less likely.
 
In order to avoid reverting back to heavy coal imports, Vietnam will likely begin increasing its LNG imports as early as 2022. Even so, importing sufficient LNG volumes will be difficult.
 
There are currently four LNG terminals in the project pipeline – Thi Vai LNG, Son My LNG, Tien Giang LNG Projects, and South West LNG – which together will have a combined capacity of 10 million tonnes per annum by 2025. However, the terminals, which are being constructed primarily in southern Vietnam, will only reach 1 million tpa import capacity by 2023 with the start-up of Phase 1 of the Thi Vai terminal. This will only marginally fulfill the demand-supply gap.
 
Given this, any delays in the other planned regasification projects will put Vietnam’s goal at risk, a potential outcome that seems realistic in today’s volatile market conditions.
 
Thus, to ensure a stable and affordable power supply, Vietnam will likely have to increase coal imports, making it nearly impossible for the country to meet its goal and reduce greenhouse gas emissions by 20-30 percent by 2030.
By Rystad Energy
Source: OilPrice
 
About Rystad Energy
Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy consulting and research products. Rystad Energy’s headquarters are located in Oslo, Norway. Further presence has been established in London, New York, Houston, Stavanger, Moscow, Rio de Janeiro, Singapore, Bangalore, Tokyo and Dubai.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 14 April 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 1.10 PCT - XINHUA
China Taiyuan coal transaction price index stood at 138.05 points Monday, down 1.10 percent week on week.   The index, released by Chi ...


Wednesday, 14 April 21
MARKET INSIGHT - INTERMODAL
After a series of months where the dry bulk sector was attracting most of the buying interest, tankers SnP activity spiked in the previous weeks. O ...


Tuesday, 13 April 21
INDONESIAN COAL PRICE REFERENCE IN APRIL UP AGAIN ON FIRM DEMAND
COALspot.com: The Indonesia coal price reference for April 2021 settles at US$ 86.68 per ton FOB vessel.    The Indonesia coal pr ...


Monday, 12 April 21
CHINA'S ECONOMIC RECOVERY PUSHES COAL MINES TO INCREASE YIELD - GLOBAL TIMES
China’s fast economic rebound from coronavirus has driven up electricity demand, leading to higher consumption of coal which is seeing rising ...


Monday, 12 April 21
GLOBAL COAL PRODUCTION EXPECTED TO RISE BY 3.5% IN 2021, SAYS GLOBALDATA
Global coal output is estimated to have declined by 2% in 2020 due to COVID-19-related lockdowns and restrictions, with significant reductions obse ...


   3 4 5 6 7   
Showing 21 to 25 news of total 6289
News by Category
Popular News
 
Total Members : 27,417
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Maruti Cements - India
  • Vitol - Bahrain
  • Argus Media - Singapore
  • GNFC Limited - India
  • Barasentosa Lestari - Indonesia
  • Intertek Mineral Services - Indonesia
  • CNBM International Corporation - China
  • Sindya Power Generating Company Private Ltd
  • IBC Asia (S) Pte Ltd
  • ASAPP Information Group - India
  • Borneo Indobara - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • ING Bank NV - Singapore
  • Surastha Cement
  • Parry Sugars Refinery, India
  • Rashtriya Ispat Nigam Limited - India
  • Binh Thuan Hamico - Vietnam
  • Total Coal South Africa
  • Meralco Power Generation, Philippines
  • Aditya Birla Group - India
  • ANZ Bank - Australia
  • Essar Steel Hazira Ltd - India
  • Kideco Jaya Agung - Indonesia
  • South Luzon Thermal Energy Corporation
  • KPCL - India
  • Standard Chartered Bank - UAE
  • Xindia Steels Limited - India
  • AsiaOL BioFuels Corp., Philippines
  • Barclays Capital - USA
  • BNP Paribas - Singapore
  • Tata Chemicals Ltd - India
  • VISA Power Limited - India
  • Ambuja Cements Ltd - India
  • Credit Suisse - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Maybank - Singapore
  • PetroVietnam
  • International Coal Ventures Pvt Ltd - India
  • The University of Queensland
  • Eastern Coal Council - USA
  • Formosa Plastics Group - Taiwan
  • Baramulti Group, Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Adani Power Ltd - India
  • DBS Bank - Singapore
  • Sinarmas Energy and Mining - Indonesia
  • Singapore Mercantile Exchange
  • Holcim Trading Pte Ltd - Singapore
  • Mitsui
  • Rudhra Energy - India
  • Wilmar Investment Holdings
  • Bhushan Steel Limited - India
  • Agrawal Coal Company - India
  • Energy Link Ltd, New Zealand
  • Bangkok Bank PCL
  • Sucofindo - Indonesia
  • Coaltrans Conferences
  • Indo Tambangraya Megah - Indonesia
  • Eastern Energy - Thailand
  • Shree Cement - India
  • Indika Energy - Indonesia
  • TeaM Sual Corporation - Philippines
  • Globalindo Alam Lestari - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Carbofer General Trading SA - India
  • Attock Cement Pakistan Limited
  • Coal Orbis AG
  • Thomson Reuters GRC
  • Sojitz Corporation - Japan
  • Gujarat Electricity Regulatory Commission - India
  • SASOL - South Africa
  • India Bulls Power Limited - India
  • Jindal Steel & Power Ltd - India
  • Mechel - Russia
  • Permata Bank - Indonesia
  • Romanian Commodities Exchange
  • Coeclerici Indonesia
  • Pinang Coal Indonesia
  • Karaikal Port Pvt Ltd - India
  • Malabar Cements Ltd - India
  • Thailand Anthracite
  • Cardiff University - UK
  • Jorong Barutama Greston.PT - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Mitra SK Pvt Ltd - India
  • Inspectorate - India
  • Tanito Harum - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Tamil Nadu electricity Board
  • TNPL - India
  • Indian Energy Exchange, India
  • Madhucon Powers Ltd - India
  • Chamber of Mines of South Africa
  • Sical Logistics Limited - India
  • UBS Singapore
  • Runge Indonesia
  • Fearnleys - India
  • Kohat Cement Company Ltd. - Pakistan
  • SMG Consultants - Indonesia
  • bp singapore
  • Mitsubishi Corporation
  • Heidelberg Cement - Germany
  • GVK Power & Infra Limited - India
  • Georgia Ports Authority, United States
  • Bahari Cakrawala Sebuku - Indonesia
  • U S Energy Resources
  • CIMB Investment Bank - Malaysia
  • SN Aboitiz Power Inc, Philippines
  • Mercator Lines Limited - India
  • GAC Shipping (India) Pvt Ltd
  • PLN Batubara - Indonesia
  • Aboitiz Power Corporation - Philippines
  • Neyveli Lignite Corporation Ltd, - India
  • Bangladesh Power Developement Board
  • Cosco
  • European Bulk Services B.V. - Netherlands
  • London Commodity Brokers - England
  • Cemex - Philippines
  • Timah Investasi Mineral - Indoneisa
  • Samtan Co., Ltd - South Korea
  • Freeport Indonesia
  • Marubeni Corporation - India
  • Xstrata Coal
  • Medco Energi Mining Internasional
  • NTPC Limited - India
  • Kobe Steel Ltd - Japan
  • Therma Luzon, Inc, Philippines
  • IEA Clean Coal Centre - UK
  • SMC Global Power, Philippines
  • Antam Resourcindo - Indonesia
  • Australian Commodity Traders Exchange
  • globalCOAL - UK
  • TGV SRAAC LIMITED, India
  • Sarangani Energy Corporation, Philippines
  • Tata Power - India
  • Maheswari Brothers Coal Limited - India
  • Bank of America
  • APGENCO India
  • Banpu Public Company Limited - Thailand
  • Coastal Gujarat Power Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • Thermax Limited - India
  • RBS Sempra - UK
  • Britmindo - Indonesia
  • Noble Europe Ltd - UK
  • Indian Oil Corporation Limited
  • Bhatia International Limited - India
  • Savvy Resources Ltd - HongKong
  • Petrosea - Indonesia
  • Simpson Spence & Young - Indonesia
  • Riau Bara Harum - Indonesia
  • Qatrana Cement - Jordan
  • Latin American Coal - Colombia
  • Ince & co LLP
  • Electricity Authority, New Zealand
  • GHCL Limited - India
  • Merrill Lynch Commodities Europe
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Larsen & Toubro Limited - India
  • Edison Trading Spa - Italy
  • Bukit Makmur.PT - Indonesia
  • World Coal - UK
  • Indonesian Coal Mining Association
  • Asian Development Bank
  • Mercuria Energy - Indonesia
  • Thai Mozambique Logistica
  • Sakthi Sugars Limited - India
  • Maersk Broker
  • Humpuss - Indonesia
  • Makarim & Taira - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Rio Tinto Coal - Australia
  • Vedanta Resources Plc - India
  • Adaro Indonesia
  • Japan Coal Energy Center
  • Toyota Tsusho Corporation, Japan
  • TRAFIGURA, South Korea
  • Chettinad Cement Corporation Ltd - India
  • Videocon Industries ltd - India
  • Gujarat Mineral Development Corp Ltd - India
  • Indorama - Singapore
  • Indonesia Power. PT
  • Kapuas Tunggal Persada - Indonesia
  • GB Group - China
  • LBH Netherlands Bv - Netherlands
  • Semirara Mining and Power Corporation, Philippines
  • Bukit Asam (Persero) Tbk - Indonesia
  • OCBC - Singapore
  • Petron Corporation, Philippines
  • Power Finance Corporation Ltd., India
  • Metalloyd Limited - United Kingdom
  • Geoservices-GeoAssay Lab
  • Directorate General of MIneral and Coal - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Vijayanagar Sugar Pvt Ltd - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Anglo American - United Kingdom
  • Cigading International Bulk Terminal - Indonesia
  • McConnell Dowell - Australia
  • Cargill India Pvt Ltd
  • Maharashtra Electricity Regulatory Commission - India
  • San Jose City I Power Corp, Philippines
  • KOWEPO - South Korea
  • White Energy Company Limited
  • Kumho Petrochemical, South Korea
  • Orica Australia Pty. Ltd.
  • Petrochimia International Co. Ltd.- Taiwan
  • Planning Commission, India
  • Indogreen Group - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • PetroVietnam Power Coal Import and Supply Company
  • EMO - The Netherlands
  • Central Electricity Authority - India
  • Port Waratah Coal Services - Australia
  • Global Business Power Corporation, Philippines
  • Uttam Galva Steels Limited - India
  • Deloitte Consulting - India
  • KPMG - USA
  • Infraline Energy - India
  • Australian Coal Association
  • GN Power Mariveles Coal Plant, Philippines
  • CESC Limited - India
  • PLN - Indonesia
  • MS Steel International - UAE
  • Bank of China, Malaysia
  • The State Trading Corporation of India Ltd
  • Arch Coal - USA
  • Oldendorff Carriers - Singapore
  • Ernst & Young Pvt. Ltd.
  • KEPCO - South Korea
  • Russian Coal LLC
  • Siam City Cement PLC, Thailand
  • Idemitsu - Japan
  • Glencore India Pvt. Ltd
  • Miang Besar Coal Terminal - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • JPower - Japan
  • Malco - India
  • GMR Energy Limited - India
  • IMC Shipping - Singapore
  • Billiton Holdings Pty Ltd - Australia
  • Bharathi Cement Corporation - India
  • Jaiprakash Power Ventures ltd
  • Berau Coal - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • PNOC Exploration Corporation - Philippines
  • EIA - United States
  • Trasteel International SA, Italy
  • Moodys - Singapore
  • Posco Energy - South Korea
  • Ind-Barath Power Infra Limited - India
  • Interocean Group of Companies - India
  • Orica Mining Services - Indonesia
  • Indian School of Mines
  • Ministry of Transport, Egypt
  • J M Baxi & Co - India
  • Bulk Trading Sa - Switzerland
  • Panama Canal Authority
  • ICICI Bank Limited - India
  • IOL Indonesia
  • ACC Limited - India
  • Energy Development Corp, Philippines
  • Cebu Energy, Philippines
  • The India Cements Ltd
  • Jatenergy - Australia
  • HSBC - Hong Kong
  • Wood Mackenzie - Singapore
  • Gupta Coal India Ltd
  • Minerals Council of Australia
  • Ministry of Finance - Indonesia
  • CCIC - Indonesia
  • Coal and Oil Company - UAE
  • Clarksons - UK
  • UOB Asia (HK) Ltd
  • Kaltim Prima Coal - Indonesia
  • Peabody Energy - USA
  • Deutsche Bank - India
  • MEC Coal - Indonesia
  • Coalindo Energy - Indonesia
  • Mjunction Services Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Manunggal Multi Energi - Indonesia
  • Samsung - South Korea
  • Asmin Koalindo Tuhup - Indonesia
  • Thriveni
  • Star Paper Mills Limited - India
  • Coal India Limited
  • Economic Council, Georgia
  • Kepco SPC Power Corporation, Philippines
  • Renaissance Capital - South Africa
  • Shenhua Group - China
  • Ceylon Electricity Board - Sri Lanka
  • Lanco Infratech Ltd - India
  • Platts
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Gujarat Sidhee Cement - India
  • Enel Italy
  • Thiess Contractors Indonesia
  • Africa Commodities Group - South Africa
  • Bhoruka Overseas - Indonesia
  • Inco-Indonesia
  • Bukit Baiduri Energy - Indonesia
  • New Zealand Coal & Carbon
  • Sree Jayajothi Cements Limited - India
  • SRK Consulting
  • Global Coal Blending Company Limited - Australia
  • Global Green Power PLC Corporation, Philippines
  • Altura Mining Limited, Indonesia
  • Ministry of Mines - Canada
  • Grasim Industreis Ltd - India
  • Asia Cement - Taiwan
  • CoalTek, United States
  • Vale Mozambique
  • Commonwealth Bank - Australia
  • JPMorgan - India
  • Salva Resources Pvt Ltd - India
  • Kobexindo Tractors - Indoneisa
  • Central Java Power - Indonesia
  • Straits Asia Resources Limited - Singapore
  • BRS Brokers - Singapore
  • SUEK AG - Indonesia
  • PowerSource Philippines DevCo
  • Siam City Cement - Thailand
  • Parliament of New Zealand
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • SGS (Thailand) Limited
  • Pendopo Energi Batubara - Indonesia
  • ETA - Dubai
  • Vizag Seaport Private Limited - India
  • Mintek Dendrill Indonesia
  • Core Mineral Indonesia
  • TANGEDCO India
  • Bayan Resources Tbk. - Indonesia
  • McKinsey & Co - India
  • Merrill Lynch Bank
  • Reliance Power - India
  • World Bank
  • Lafarge - France
  • The Treasury - Australian Government
  • Semirara Mining Corp, Philippines
  • Price Waterhouse Coopers - Russia
  • Gresik Semen - Indonesia
  • PTC India Limited - India
  • Krishnapatnam Port Company Ltd. - India
  • NALCO India
  • Platou - Singapore
  • Arutmin Indonesia
  • Goldman Sachs - Singapore
  • Meenaskhi Energy Private Limited - India
  • WorleyParsons
  • Independent Power Producers Association of India
  • Dalmia Cement Bharat India
  • Electricity Generating Authority of Thailand
  • Cement Manufacturers Association - India
  • Alfred C Toepfer International GmbH - Germany