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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, 07 December 21
COAL FIRMS SEE SHARE PRICES SURGE MONDAY, AFTER GOVERNMENT READJUSTS CONTRACT PRICES - GLOBAL TIMES
Share prices of China’s coal enterprises jumped on Monday on the A-share market following a nationwide adjustment to annual thermal coal pric ...
Monday, 06 December 21
CHINA SETS 2022 ANNUAL THERMAL COAL PRICES AT 700 YUAN/T - MEDIA: REUTERS
China’s top economic planner has proposed to set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per tonne, a ...
Thursday, 02 December 21
BUMI RECORDED US$ 666.18 MILLION AS REVENUE IN THE 3RD QUARTER, UP 13.31% YOY
PT Bumi Resources Tbk and its subsidiaries have recorded a surge in revenue in the third quarter of 2021. BUMI has recorded US$ 666.18 million as r ...
Thursday, 02 December 21
CHINA'S COAL CRUNCH IS OVER, BUT PRICES ARE STILL TOO HIGH - REUTERS
China’s coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter.
...
Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.
Earnings generation should slow down as selling pr ...
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- Minerals Council of Australia
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- White Energy Company Limited
- Australian Coal Association
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- The University of Queensland
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
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