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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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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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- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Economic Council, Georgia
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Planning Commission, India
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
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