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

Saturday, 16 October 21
Vietnam may double the amount of coal-fired electric generation it installs by 2030 under a draft power development plan submitted to the prime min ...

Friday, 15 October 21
Australia’s Whitehaven Coal WHC.AX said on Thursday it expects to be debt-free by early 2022, as thermal coal prices surge to record highs on ...

Friday, 15 October 21
China coal prices held near record highs on Thursday as cold weather swept into the country’s north and power plants stocked up on the fuel t ...

Friday, 15 October 21
The World Steel Association (worldsteel) today released an update of its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that ste ...

Thursday, 14 October 21
Volatility highlights urgency for renewables-based energy solutions   “Energy crisis.” The phrase evokes nearly-forgotten ...

   1 2 3 4 5   
Showing 11 to 15 news of total 6427
News by Category
Popular News
Total Members : 27,597
User ID
Remember Me
By logging on you accept our TERMS OF USE.
Forgot Password
Our Members Are From ...

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