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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, 26 October 21
CHINA'S COAL-RICH SHANXI BEEFS UP COAL PRODUCTION - XINHUA
Major coal producers in north China’s Shanxi Province, a leading coal-producing region of the country, have beefed up production to ensure en ...
Tuesday, 26 October 21
ENERGY CRISIS SHOWS COAL IS AN EXPENSIVE AND UNRELIABLE SOURCE OF ELECTRICITY GENERATION - IEEFA
Any knee-jerk reaction that urges more investment in coal completely misses the point
India is teetering on the brink of joining a growing glo ...
Tuesday, 26 October 21
CHINA TO INVESTIGATE ENERGY INDEX PROVIDERS IN BID TO TAME COAL PRICES - REUTERS
China said on Monday it will investigate energy price index providers as it urged coal industry participants to “strictly” meet contrac ...
Tuesday, 26 October 21
AUSTRALIA EXPORTED 51.6 MLN TONNES OF COAL TO INDIA IN FIRST 10 MONTHS, 19% OF ALL AUSTRALIAN COAL EXPORTS; CHINA WAS THE DESTINATION FOR JUST 0.7% - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade. In 2021 things started pretty badly, but we are seeing increasing signs of ...
Monday, 25 October 21
A QUESTION OF POSSESSION - THE BALTIC EXCHANGE
Possession and tangibility are closely related concepts long established under English law. Yet a change to these concepts is around the corner. Th ...
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Showing 431 to 435 news of total 6871 |
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- The University of Queensland
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Economic Council, Georgia
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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