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Sunday, 01 August 21
SEABORNE HARD COAL TRADE IN 2020 DECREASED BY 149 MILLION MT, OR 12.1%, TO 1,083 MILLION MT - GERMAN COAL IMPORTERS ASSOCIATION
 - Reduced coal-fired power plant fleet secures Germany’s power supply in severe winter of 2020/2021; little wind availability and hence stronger coal burn until well into the second quarter of 2021
- Coal phase-out law leads to closure of young and modern hard-coal-fired power plants
- Southern German power plant locations are very important for security of supply and hence disadvantaged in phase out scenario
- 2021 VDKi celebrates its 125th anniversary
According to Coal Importers Association, Germany, the first half of 2021 shows that hard coal continues to make an important and reliable contribution to electricity generation despite the sealed coal phase-out. The volume of electricity generated in hard coal-fired power plants increased by more than a third (35.6%) to almost 25 TWh compared with the same period of the previous year in a period of low temperatures and with significantly less wind power availability. With this increase, hard coal made a significant contribution to security of supply, underlining its important role in safeguarding the energy transition. In our opinion, this will continue to be necessary in the future, especially after the increase in the German government's forecast for electricity consumption in 2030 of between 645 and 665 TWh.
The press release from German Coal Importers Association noted that, the coal phase-out law was enacted on August 08th, 2020. Over the first three tenders, 25 bids were awarded with a bid quantity of 8,435 MW. This included some young, modern coal-fired power plants. In this respect, the mechanism of the law has not resulted in primarily older power plants with higher specific CO2 emissions being taken off the grid.
Southern German hard-coal-fired power plants are at a massive disadvantage in the auctions for the capacities to be decommissioned. Participation in the first tender was excluded, and in subsequent tenders a grid factor will be taken into account which will with high probability prevent any successful participation in those auctions. As a result, the employees of the hard coal-fired power plants in southern Germany will be at a significant disadvantage in terms of possible socially acceptable staff reductions.
The association further noted that, there is also an urgent need for action in the district heating sector. In many German cities, district heating comes from highly efficient cogeneration plants based on hard coal. VDKI member companies report difficulties with possible conversion of their plants to gas or biomass. There is a lack of funding or simply a lack of efficient gas grid connections.
Following the passing of the Climate Protection Act, the energy industry framework conditions must now be adjusted quickly.
In 2020, world hard coal production decreased by around 220 million mt to 7.06 billion mt due to the pandemic and thereby returned to the level of 2018. Essentially, only the production increases of China (+94 million mt) and India (+7 million mt) ensured that world hard coal production did not decrease even more. Seaborne trade in 2020 decreased by 149 million mt, or 12.1%, to 1,083 million mt. Seaborne coking coal exports decreased by 13.2% to 264 mt and the steam coal market decreased by 11.7% to 819 mt. Hard coal continues to ensure economic growth in Asia and other growth regions, thereby the share of seaborne trade in Asia now amounts to 84%. An increase of world production and world hard coal trade will be a fact during world economy’s recovery post COVID.
On August 31st this year, the VDKi will celebrate its 125th anniversary in the knowledge that its members continue to make an essential and highly reliable contribution to the German economy through their hard coal activities.
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Friday, 27 August 21
THE ECONOMICS OF INDONESIA’S DIESEL POWER PLANT TO GAS CONVERSION PLAN ARE PROBLEMATIC - IEEFA
Deploying new small-scale LNG is an uphill battle for PGN
Indonesian gas is currently in a precarious position, where the government needs to ...
Thursday, 26 August 21
INDIA IMPORTED 17.06 MLN TONNES OF LPG IN 2020; UP 11.5% Y-O-Y
Global LPG trade remained fairly positive in 2020, despite the global economic impact from COVID-19, and surged strongly in the first half of 2021. ...
Thursday, 26 August 21
MARKET INSIGHT - INTERMODAL
24th of August 2021, the Baltic Dry Index reached 4,201, a YTD high and the highest since May 2010.
Cape 5TC daily average @ 51,472
...
Tuesday, 24 August 21
COAL PRICE RALLY TO PRESSURE CHINESE POWER GENCOS’ MARGINS FITCH RATINGS
Fitch Ratings expects the pressure on Chinese power generation companies’ (gencos) profit from the recent coal price surge to weaken their cr ...
Tuesday, 24 August 21
TIGHT POWER SUPPLY IN CHINA AMID STRONG DEMAND, HIGH COAL PRICES - FITCH RATINGS
China experienced tight power supply in 1H21 on stronger than expected power demand as economic activity continued to recover, Fitch Ratings says i ...
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- Ind-Barath Power Infra Limited - India
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- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
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- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
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- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
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- Meenaskhi Energy Private Limited - India
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- Miang Besar Coal Terminal - Indonesia
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- Central Electricity Authority - India
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- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Baramulti Group, Indonesia
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- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
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- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
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- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
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- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
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- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
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- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
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