keeps you connected across the coal world

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
Sunday, 11 July 21
Coal use is surging in some of the world’s largest economies as electricity demand rebounds from the pandemic, illustrating the challenges to countries looking to wean themselves off the dirty but reliable fossil fuel.
Coal was in decline for years in many countries, but its use is now picking up in the U.S., China and Europe despite growing pressure from governments, investors and environmentalists to curb carbon emissions. The leading reason for the uptick—which has pushed coal prices to multiyear highs—is rising power demand as economies reopen rapidly from pandemic hibernation.
While analysts and executives say the resurgence of coal is likely to be short-lived, it shows the world’s continued dependence on fossil fuels until renewable-energy capacity grows further and storage technologies improve.
Countries have spent billions adding renewable-power capacity at record rates, but solar and wind projects generate electricity only when the sun is shining or the wind is blowing, and can’t be ramped up when demand rises. Those limitations mean the world is still reliant on fossil fuels, especially when there is a surge in electricity demand. Analysts say this will remain the case until more renewable capacity is added, along with storage such as batteries.
“It’s difficult to get off coal because of security of supply. At the end of the day you need to keep the lights on,” said Kathryn Porter, founder of energy consulting firm Watt-Logic. “When governments are faced with the choice of not supplying electricity, or using coal, they will use coal.”
The need for more coal is arising as economies recover. The global economy is expected to expand this year at the fastest pace since 1980, according to the International Monetary Fund, as advanced economies spend aggressively to counter the impact of Covid-19 and related lockdowns. The IMF said in April that it expects the world economy to grow 6% this year, after contracting in 2020.
In the U.S., improving economic conditions are forecast to boost retail electricity sales in the commercial and industrial sectors by 2% this year, according to the Energy Information Administration.
Coal supplied 23% of U.S. electricity production from the start of the year through mid-June, up from 17% in the same period of 2020, according to a Wood Mackenzie analysis of preliminary EIA data. The consulting firm attributes the rise to the economic recovery along with higher natural-gas prices, which have prompted some to turn to coal instead.
For Southern Co., an Atlanta-based power company that provides electricity and natural gas in the South and Midwest, coal accounted for 22% of its generation mix during the first quarter, up from 17% last year. The company said the uptick reflected an increase in electricity demand and natural-gas prices, as well as colder temperatures.
Credit-ratings firm Moody’s Investors Service expects U.S. coal consumption to increase by as much as 10% in 2021, boosting revenue for coal producers, though it still views the industry as one in decline as the power sector shifts toward renewable energy.
The two largest U.S. coal producers, Peabody Energy Corp. and Arch Resources Inc., each reported higher first-quarter demand for thermal coal, used in electricity generation.
“While we may see a temporary improvement in thermal coal demand due to accelerating economic growth, longer term we expect domestic and global thermal markets to remain challenged,” Arch Resources said in an April regulatory filing.
Most big global mining companies have continued to shed coal assets even as prices rally.
In Europe, coal use has risen this year in some countries, including Germany and France, according to consulting firm Energy Aspects. Its data showed the trend emerging in recent weeks in the U.K., which plans to phase out all coal power by 2024.
With electricity demand growing, European coal use also has been boosted by a shortage of gas supplies after a long, cold winter drained storage sites in the region. That in turn has boosted natural-gas prices, increasing the appeal of coal for some power producers.
In the U.K., which has shunned coal for renewable power in recent years, demand for electricity is such that the grid operator has issued six notices since November warning that the system could need more power. May 2016 had been the last time such a note was issued.
China is also feeling the pinch. There have been recent power outages in the country’s southern provinces because of growing power consumption, heat waves and a late rainy season that has hindered hydropower facilities, according to the National Development and Reform Commission.
For the first five months of 2021, China’s largely coal-fired thermal-power generation was up 16% from a year earlier, said the NDRC, which is the government’s economic-planning agency.
In May, plants in Guangdong, China’s manufacturing hub in the Southeast, were asked to curb power use and suspend operations for hours, or in some cases days. Under the NDRC’s guidance, the province stopped curtailing power usage from June 5 and instead has received electricity supplies from surrounding provinces.
Some analysts say the surge in coal demand is unique to the pandemic. They also note that the rise is off a low base after an exceptional fall in demand last year amid lower electricity use and cheap natural gas.
Other analysts and executives, though, say the resurgence of coal shows the challenge of curbing the use of fossil fuels for electricity generation even as renewables gain traction. The International Energy Agency forecasts renewables will surpass coal in global electricity generation by 2025 and account for 33% of the mix.
Initially, most grids can accommodate some solar and wind capacity and cope with the fact their output is dependent on the weather and time of day, sometimes using gas and coal power as backup. But as the percentage of electricity generation from renewables increases, the need for solutions to that intermittency grows.
Potential solutions include batteries that could store power over the seasons, as well as fleets of electric vehicles charging at times when renewable power is available, said Chris Kimmett, power director at grid-stability specialist Reactive Technologies Ltd.
“But we’re not there yet, which is why you see the immediate default to coal-fired power stations,” Mr. Kimmett said.
Some analysts say the problems caused by spikes in demand could be exacerbated as sectors that previously didn’t run on electricity, such as vehicles, make the switch before there is enough low-carbon power generation available.
For instance, in Norway, where sales of electric vehicles surpass those of cars with combustion engines, power consumption from electric transport is forecast to double to 2% of total demand in the next three years, according to consulting firm Volue ASA.
The rise in coal-fired power generation “reinforces the message to every government that we need to speed up the transition,” said Jonathan Cole, head of offshore wind at Spanish utility Iberdrola SA.
“Electricity demand will continue to rise as we electrify more areas of the economy, and it is unthinkable that coal can be part of the mix going forward,” he said.
Source: The Wall Street Journal

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

Recent News

Friday, 06 July 18
The Ministry of Shipping is clearly in reform mode. On the heels of the recent relaxation of the cabotage law, which allows foreign flag vessels to ...

Friday, 06 July 18
Australian thermal coal prices have broken through $120 per tonne for the first time since 2012, driven up by strong consumption in Asia and spot m ...

Thursday, 05 July 18
Electric utilities in Japan and other Asian countries are driving blind when it comes to coal prices after the failure of Japan’s Tohoku Elec ...

Thursday, 05 July 18
INDONESIAN COAL PRICE REFERENCE HITS 74 MONTHS HIGH OF $104.65 A TON HBA keeps rising. According to latest ministerial decree No.1892 K/30/MEM/2018 dated 2 July 2018, the Indonesian Coal Price Reference ...

Wednesday, 04 July 18
2 years tanker briefing in tanker asset prices   The tanker market is undoubtedly passing one of its’ roughest times over the la ...

   281 282 283 284 285   
Showing 1411 to 1415 news of total 6603
News by Category
Popular News
Total Members : 27,896
User ID
Remember Me
By logging on you accept our TERMS OF USE.
Forgot Password
Our Members Are From ...

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