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Tuesday, 26 October 21
THERE IS PLENTY OF COAL AND GAS IN THE WORLD BUT A VOLATILE MARKET IS NOBODY'S FRIEND - IEEFA
 Gas will be winding its way out of the energy system
Gas prices are continuing to surge around the world. The cost of gas is at unprecedented levels and global markets are buckling under the strain. Many countries are heavily reliant on imports of gas and high spot prices are making supplies unaffordable.
There is plenty of coal and gas in the world but current market volatility is crimping demand.
Gas prices haven’t gone up a little bit – they have multiplied. The increased volatility in gas prices globally is a feature that’s going to stay. There are going to be some extremely high prices and also some extremely low prices. That’s because we’re going through a total energy disruption at the moment, and with that, we’re seeing climate change responses.
Countries such as Japan have said that by 2030, they’re going to more than halve their use of LNG in their power sector. That means they will be putting supply effectively back into the market because they won’t be taking all their contracted gas.
On the other hand, there is enormous supply coming out of Qatar. It is looking to increase its LNG production by 64% by 2027. That’s a massive amount of LNG that will be coming onto the market looking for a home.
In January 2021, an IEEFA report noted that due to what was happening in the U.S., we were likely to see much higher prices this year, with prices forecast to double or even triple. That has come to pass. In the coming years we are likely to see increased volatility in prices as supply and demand struggle to find a balance.
Australia’s major clients are now looking at gas as a fuel exiting the energy system. Over time, we’re going to see them wind their way out of LNG. LNG will still form a niche fuel in terms of the need for it in manufacturing. However, gas will definitely go out of household usage in the short term and will be used less for electricity generation.
Australia has to look forward at energy sources of the future, not look backwards at energy sources of the past. Unfortunately, the country has chosen to look backwards and put all of its eggs in the ‘gas-fired recovery’ at the very time its customers are saying they don’t want the product.
This extract is from an interview IEEFA’s Bruce Robertson did with ABC’s Linda Mottram.
Source: IEEFA
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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 ...
Monday, 23 August 21
CHINESE COAL PRODUCTION RISES 4.9 PCT IN 1ST 7 MONTHS OF 2021 - NBS
Official figures demonstrated that the Chinese raw coal production surged 4.9 percent annually to 2.26 billion tonnes in the January-July period of ...
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- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- PTC India Limited - India
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
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