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Friday, 26 November 21
AS COAL MARKET STABILIZES, CHINA STEPS UP NATURAL GAS SUPPLY TO MEET WINTER DEMAND - GLOBAL TIMES
The daily supply of natural gas in China has exceeded 1 billion cubic meters (bcm) since November began, up 11 percent year-on-year, data from state-owned Pipe China showed on Wednesday, underscoring the stepped-up efforts from Chinese authorities to ensure industrial power supplies and residential heating as the winter peak season arrived earlier this year.
Despite higher global natural gas prices, industry observers said that prices and supplies in China, the world’s largest natural gas user, will remain stable, in particular for residential heating.
The country won’t face another power crunch similar to late October, when a temporary coal supply shortage led to production suspensions and disruptions to people’s lives, they said.
The 600-million-cubic-meter daily volume of natural gas delivered by Pipe China’s network was achieved 14 days earlier than in 2020, the company said. It plans to buy 11 bcm of natural gas between this month and next spring, which is equivalent to growth of 14.9 percent year-on-year.
In a statement sent to the Global Times on Monday, Chinese oil major Sinopec said the daily supply of natural gas had been boosted by an additional 11 million cubic meters to North China, and the nationwide supply had risen to 180 million cubic meters.
Last week, the natural gas storage facility of China National Petroleum Corp (CNPC) in Lamadian town, Daqing oil field – China’s first underground natural gas storage station with a supply capacity of 1 million cubic meters a day – started supplying China’s Northeast region, according to a statement on CNPC’s website.
“China has shored up natural gas supplies ahead of the winter season every year, but this year the work started earlier as global prices surged and supplies got tighter. This situation raised the urgency of preparing more storage capacity and expanding natural gas imports,” an industry insider surnamed Lin told the Global Times on Wednesday.
Some industry insiders estimated that China’s winter natural gas demand in 2021 will be 10 percent higher than last year.
Analysts stressed that China’s supply is able to meet demand, and while natural gas shortages are getting worse in Europe, people in China will be able to enjoy a warmer winter.
As of mid-November, the price of LNG in China contracted by 1.7 percent to 7,508.4 yuan ($1,176) a ton compared with the beginning of the month, according to the National Bureau of Statistics.
The National Development and Reform Commission, China’s economic planner, declared over the weekend that China has full confidence in ensuring supplies, including energy and vegetables for the winter and stabilizing prices.
As part of an effort to boost imports, Sinopec Corp signed a contract with the US’ Venture Global LNG in early November to buy 4 million tons of LNG annually for 20 years. It is the largest long-term LNG deal ever signed between China and the US.
Source: Global Times
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Friday, 04 February 22
RENEWABLES ON THE RISE, COAL CONTINUOUSLY FALLING - EUROPEAN COMMISSION
Although oil (34.5%) and natural gas (23.7%) were still the most important fuel sources in the EU energy mix in 2020, renewable energy’s shar ...
Thursday, 03 February 22
COAL SHORTAGE NOW AT ALARMING LEVELS, SAY ALUMINIUM PRODUCERS - IANS
With no relief in sight despite coal stocks running critically low and production disruptions looming across the Indian aluminium sector, the Alumi ...
Wednesday, 02 February 22
HIGH COKING COAL PRICES PROVIDE GLIMPSE INTO STEELMAKING'S FUTURE - MCKINSEY
Last year was a volatile one in global commodity markets. Demand for coking coal, an essential raw material in the production of steel, was extreme ...
Wednesday, 02 February 22
INDONESIA'S RESTRICTIONS ON COMMODITIES RATTLE MARKETS, MORE MOVES LIKELY - REUTERS
In just the first month of this year, Indonesian policymakers have rattled global markets with restrictions on some of its biggest commodities expo ...
Wednesday, 02 February 22
CHINA'S TOP COAL PRODUCER FORECASTS 28 PCT PROFIT GROWTH IN 2021 - XINHUA
China Shenhua Energy Company Limited, one of the country’s biggest coal producers, said its net profits are expected to jump by 28 percent in ...
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- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
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