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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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Tuesday, 14 December 21
COAL LOCK-IN IN SOUTHEAST ASIA PRESENTS A CHALLENGE FOR THE ASIAN DEVELOPMENT BANK'S COAL RETIREMENT PLAN - IEEFA
In August, the Asian Development Bank (ADB) announced an ambitious plan to buy high emissions coal-fired power plants in Southeast Asia and retire ...
Saturday, 11 December 21
BUNKER BUYERS LOSE UP TO $5/MT FOR NOT COVERING ENOUGH SUPPLIERS - INTEGR8 FUELS
With the Brent price recently touching the $80 mark and before the Omicron variant concerns pushed it lower, bunker prices reached levels not seen ...
Tuesday, 07 December 21
SUPERCYCLE DEMAND: ARE WE THERE YET? - WOOD MACKENZIE
Taking young children on a long journey is fraught with challenges, not least the inevitable question a few minutes after leaving: are we there yet ...
Tuesday, 07 December 21
COAL WOULD REMAIN ENERGY LEADER FOR AT LEAST 15 YEARS - LIVEMINT
Coal India Ltd (CIL) has been in the eye of the storm after fuel stocks at coal-fuelled power plants depleted in October. Fuel stocks since are bei ...
Tuesday, 07 December 21
GLOBAL SHIPPING OUTLOOK TURNS STABLE FROM POSITIVE ON THE BACK OF PEAKING EARNINGS DURING 2021 - MOODY'S
The outlook for the global shipping industry is changed to stable from positive for the next 12 to 18 months due to demand slightly outstripping su ...
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- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Central Electricity Authority - India
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
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