COALspot.com keeps you connected across the coal world
  • JUNE 2022 HBA FOR EXPORTS INCREASED BY 17.51% MOM, 104.36% YTM AND 222.84% YOY
  • JUNE 2022 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 323.91 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Tuesday, 08 March 22
RUSSIA-UKRAINE CONFLICT ADDS IMPETUS TO ASIA'S ENERGY TRANSITION - IEEFA
IEEFAClean energy alternatives are a crucial hedge against future disruptions in global commodity markets
 
Russia’s invasion of Ukraine spells further turmoil for global energy markets already reeling from extreme price volatility over the past two years. Oil prices have now surpassed US$100 per barrel for the first time since 2014, while other commodities like liquefied natural gas (LNG)—which has recently seen record low prices followed by record highs—are set to experience continued volatility.
 
For Asian economies dependent on imported fossil fuels, volatile prices since 2020 have caused fuel shortages, exorbitant government subsidy burdens, inflation, food scarcity, and political instability. The Russian invasion of Ukraine is likely to exacerbate commodity price volatility, which undermines Asian countries’ economic growth and obstructs the region’s arduous recovery from the COVID-19 pandemic.
 
Natural gas and coal are often pitched as more reliable fuels for power generation than renewables. As a result, many Asian countries continue to support new fossil fuel infrastructure—power plants, pipelines, import terminals, etc. But the crisis demonstrates that ramping up fossil fuel imports will only make Asian economies more vulnerable to disruptions in global commodity markets.
 
Instead, countries can advance alternative technologies to bolster energy security. Distributed generation sources, energy storage technologies, microgrid systems, and electric transit technologies, among many other alternatives, can help countries improve self-sufficiency to create a more secure energy system—one free from geopolitical interference that contributes to both long-term climate and financial stability.
 
There are three immediate implications of the Russia-Ukraine crisis on Asian economies. First, global energy prices will likely remain high and volatile for the near term. Prices were already widely expected to remain elevated in 2022, due primarily to the global economic rebound.
 
LNG prices, for example, were already susceptible to upward pressure due to interregional competition for cargoes between Asia and Europe, low European storage levels, limited piped exports from Russia to Europe, and harsh weather throughout the 2021-22 winter buying season. In October 2021, Asian LNG prices reached their highest level ever, at US$56 per million British thermal units (MMBtus).
 
The Russian invasion now adds upward pressure to LNG prices. Due to the risks of Russian piped gas to Europe, European countries seek to boost LNG purchases, further tightening the global market. This has knock-on effects on prices in Asia, which bounced to US$37/MMBtu. Some experts anticipate that LNG prices over winter 2022 could be even higher than record prices last year.
 
The second implication of the crisis is that continued commodity price volatility will continue to wreak havoc on national efforts to recover from the COVID-19 pandemic. Specifically, high-priced imports are raising consumer power prices and stoking fears about future fuel shortages in the region. As a result of exorbitant LNG prices, proposed and existing gas assets in Asia may go underutilized and risk becoming stranded assets.
 
In Bangladesh, the government increased subsidies following sky-high LNG prices in 2021, but the burden became too much to bear. In January, regulators proposed large hikes in gas and power tariffs, sparking protests. Amidst the upturn in commodity prices caused by the Russia-Ukraine crisis, state-run oil and gas companies are already incurring losses due to high import prices. The government will continue to face a choice between increasing subsidies, hiking tariffs further, or going without fuel altogether.
 
In the Philippines, oil prices have increased for nine straight weeks, and the government has warned that volatility in global commodity prices will continue to drive up the price of local goods. The peso has depreciated relative to the US dollar due to higher cost, foreign currency-denominated imports. Meanwhile, high daily COVID cases in the country along with inflation fears threaten to further undermine economic activity.
 
The third implication of the conflict is that fossil fuel companies are likely to argue that the world needs more fossil fuel infrastructure, not less. In the wake of the invasion, Japan’s JERA announced a partnership with ExxonMobil to build a new LNG import facility in Vietnam, Australia said it would target emerging LNG importers in Asia, and Pakistan’s Prime Minister travelled to Moscow to discuss a pipeline in Pakistan that would carry re-gasified LNG from the country’s southern coast to northern provinces.
 
However, two lessons from the conflict should be clear. First, energy insecurity and volatility are part and parcel of global fossil fuel markets. Myriad factors can affect commodity prices, including geopolitical conflicts, pandemics, outages at export infrastructure, and even ships getting stuck in major shipping routes. Such unexpected occurrences can affect prices for billions of consumers in importing countries and potentially trigger nationwide energy shortages.
 
Therefore, the continued buildout of LNG and other fossil fuel import infrastructure in Asia will only reinforce vulnerabilities related to energy security and economic growth. Although fossil fuels are often seen as reliable, secure fuels for power generation, the opposite is true: supply of imported fuels is constantly at the mercy of unpredictable disruptions.
 
The second lesson is that low-cost, domestic renewables represent a crucial hedge against the volatility of globally traded fossil fuels because renewables like wind and solar do not require fuel inputs. Instead, renewable energy costs are typically quoted in one, all-in-life-cycle price, allowing energy sector planners to assess future power prices more accurately for end-users and the economy.
 
And unlike the constantly fluctuating cost of fossil fuels, renewables have demonstrated consistently lower costs over time. It is difficult to predict fossil fuel prices months in advance, but renewables provide long-term economic and financial stability. Instead of increasing exposure to geopolitically unstable fossil fuel markets, it would be wise for Asian countries to maximize energy security and self-sufficiency by minimizing dependence on imported fossil fuels.
 
Sam Reynolds is an Energy Finance Analyst at IEEFA.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 31 March 22
CHINA'S COAL OUTPUT SET FOR MODERATE GROWTH IN 2022 - INDUSTRY BODY - REUTERS
China is expected to see its coal output to grow further in 2022 after hitting a record last year, an industry body forecast on Wednesday, as the c ...


Tuesday, 29 March 22
MEMR OF INDONESIA HAS FIXED COAL PRICE AT US$ 90 PER TONNE FOR DOMESTIC INDUSTRIES EXCEPT SMELTER INDUSTRIES; FOR PLN USD 70 IS APPLICABLE
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif has set the selling price of coal for domestic, industrial except metal processing an ...


Monday, 21 March 22
A FORCE MAJEURE TO BE RECKONED WITH - BALTIC EXCHANGE
Sanctions cause payment confusion This dispute in MUR Shipping BV v. RTI Ltd [2022] EWHC 467 (Comm) related to an owner’s purported exercis ...


Monday, 21 March 22
CHINA'S COAL OUTPUT UP 10.3 PCT IN FIRST TWO MONTHS - XINHUA
China’s raw coal output posted fast growth in the first two months of 2022, while coal imports continued to shrink, official data showed. ...


Tuesday, 15 March 22
INDUSTRY VETERANS & ORGANIZATIONS HONOURED WITH THE PRESTIGIOUS SHIPTEK INTERNATIONAL AWARDS 2022
Press Release: The 15th edition of the prestigious ShipTek International Conference & Awards 2022 concluded successfully from March 7th - 8th 2 ...


   2 3 4 5 6   
Showing 16 to 20 news of total 6550
News by Category
Popular News
 
Total Members : 27,851
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Credit Suisse - India
  • Surastha Cement
  • Thailand Anthracite
  • Merrill Lynch Commodities Europe
  • ING Bank NV - Singapore
  • San Jose City I Power Corp, Philippines
  • Clarksons - UK
  • GMR Energy Limited - India
  • Shenhua Group - China
  • Bukit Asam (Persero) Tbk - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Gupta Coal India Ltd
  • Attock Cement Pakistan Limited
  • Platts
  • Samsung - South Korea
  • Ceylon Electricity Board - Sri Lanka
  • TeaM Sual Corporation - Philippines
  • Banpu Public Company Limited - Thailand
  • Ministry of Transport, Egypt
  • Ince & co LLP
  • Sakthi Sugars Limited - India
  • Sojitz Corporation - Japan
  • GVK Power & Infra Limited - India
  • Grasim Industreis Ltd - India
  • ICICI Bank Limited - India
  • Straits Asia Resources Limited - Singapore
  • Geoservices-GeoAssay Lab
  • Rio Tinto Coal - Australia
  • BNP Paribas - Singapore
  • New Zealand Coal & Carbon
  • Coastal Gujarat Power Limited - India
  • Riau Bara Harum - Indonesia
  • Heidelberg Cement - Germany
  • Semirara Mining and Power Corporation, Philippines
  • Therma Luzon, Inc, Philippines
  • Bangladesh Power Developement Board
  • KEPCO - South Korea
  • Videocon Industries ltd - India
  • Vizag Seaport Private Limited - India
  • Australian Commodity Traders Exchange
  • OPG Power Generation Pvt Ltd - India
  • Coaltrans Conferences
  • Mitsubishi Corporation
  • Rudhra Energy - India
  • Cement Manufacturers Association - India
  • Coalindo Energy - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Ministry of Mines - Canada
  • London Commodity Brokers - England
  • The University of Queensland
  • Sinarmas Energy and Mining - Indonesia
  • TANGEDCO India
  • Maruti Cements - India
  • Sarangani Energy Corporation, Philippines
  • Port Waratah Coal Services - Australia
  • Mintek Dendrill Indonesia
  • Central Java Power - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Kaltim Prima Coal - Indonesia
  • Orica Mining Services - Indonesia
  • Siam City Cement PLC, Thailand
  • Asia Cement - Taiwan
  • Bayan Resources Tbk. - Indonesia
  • DBS Bank - Singapore
  • TNPL - India
  • Economic Council, Georgia
  • KPMG - USA
  • Metalloyd Limited - United Kingdom
  • Gujarat Mineral Development Corp Ltd - India
  • Parry Sugars Refinery, India
  • PNOC Exploration Corporation - Philippines
  • ASAPP Information Group - India
  • Bhatia International Limited - India
  • Thiess Contractors Indonesia
  • Kobexindo Tractors - Indoneisa
  • Thriveni
  • Maheswari Brothers Coal Limited - India
  • Cosco
  • Price Waterhouse Coopers - Russia
  • World Bank
  • Mitsui
  • Holcim Trading Pte Ltd - Singapore
  • Central Electricity Authority - India
  • McKinsey & Co - India
  • Lafarge - France
  • IMC Shipping - Singapore
  • Deutsche Bank - India
  • Vedanta Resources Plc - India
  • Adani Power Ltd - India
  • Makarim & Taira - Indonesia
  • OCBC - Singapore
  • Kepco SPC Power Corporation, Philippines
  • Thai Mozambique Logistica
  • Jaiprakash Power Ventures ltd
  • Qatrana Cement - Jordan
  • Berau Coal - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • PLN - Indonesia
  • The India Cements Ltd
  • CNBM International Corporation - China
  • Indonesia Power. PT
  • Carbofer General Trading SA - India
  • McConnell Dowell - Australia
  • WorleyParsons
  • Coal and Oil Company - UAE
  • Independent Power Producers Association of India
  • Vijayanagar Sugar Pvt Ltd - India
  • Georgia Ports Authority, United States
  • Directorate General of MIneral and Coal - Indonesia
  • SUEK AG - Indonesia
  • Baramulti Group, Indonesia
  • GNFC Limited - India
  • Sucofindo - Indonesia
  • Peabody Energy - USA
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Reliance Power - India
  • NALCO India
  • Electricity Generating Authority of Thailand
  • UOB Asia (HK) Ltd
  • Eastern Coal Council - USA
  • TGV SRAAC LIMITED, India
  • Cemex - Philippines
  • Malco - India
  • Inspectorate - India
  • Samtan Co., Ltd - South Korea
  • Borneo Indobara - Indonesia
  • Simpson Spence & Young - Indonesia
  • Pinang Coal Indonesia
  • Orica Australia Pty. Ltd.
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Jatenergy - Australia
  • Asian Development Bank
  • Russian Coal LLC
  • Ernst & Young Pvt. Ltd.
  • U S Energy Resources
  • J M Baxi & Co - India
  • Australian Coal Association
  • Wilmar Investment Holdings
  • Uttam Galva Steels Limited - India
  • Africa Commodities Group - South Africa
  • KOWEPO - South Korea
  • Star Paper Mills Limited - India
  • Thomson Reuters GRC
  • Formosa Plastics Group - Taiwan
  • Bhushan Steel Limited - India
  • Indorama - Singapore
  • Power Finance Corporation Ltd., India
  • ACC Limited - India
  • Pendopo Energi Batubara - Indonesia
  • Xstrata Coal
  • Miang Besar Coal Terminal - Indonesia
  • Bank of America
  • Kalimantan Lumbung Energi - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Goldman Sachs - Singapore
  • SN Aboitiz Power Inc, Philippines
  • Posco Energy - South Korea
  • Ministry of Finance - Indonesia
  • BRS Brokers - Singapore
  • Maharashtra Electricity Regulatory Commission - India
  • Runge Indonesia
  • Total Coal South Africa
  • JPower - Japan
  • Argus Media - Singapore
  • Indian Oil Corporation Limited
  • ANZ Bank - Australia
  • JPMorgan - India
  • Indogreen Group - Indonesia
  • Idemitsu - Japan
  • SRK Consulting
  • Britmindo - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • The Treasury - Australian Government
  • Bangkok Bank PCL
  • Parliament of New Zealand
  • Jorong Barutama Greston.PT - Indonesia
  • SGS (Thailand) Limited
  • bp singapore
  • KPCL - India
  • Intertek Mineral Services - Indonesia
  • CoalTek, United States
  • Maybank - Singapore
  • EIA - United States
  • Infraline Energy - India
  • Minerals Council of Australia
  • Latin American Coal - Colombia
  • White Energy Company Limited
  • The State Trading Corporation of India Ltd
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • SASOL - South Africa
  • Karbindo Abesyapradhi - Indoneisa
  • Bahari Cakrawala Sebuku - Indonesia
  • Enel Italy
  • Mercator Lines Limited - India
  • Ind-Barath Power Infra Limited - India
  • Lanco Infratech Ltd - India
  • South Luzon Thermal Energy Corporation
  • International Coal Ventures Pvt Ltd - India
  • Indian School of Mines
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • TRAFIGURA, South Korea
  • Permata Bank - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Altura Mining Limited, Indonesia
  • PowerSource Philippines DevCo
  • GAC Shipping (India) Pvt Ltd
  • Japan Coal Energy Center
  • Chamber of Mines of South Africa
  • Sindya Power Generating Company Private Ltd
  • Adaro Indonesia
  • Semirara Mining Corp, Philippines
  • Timah Investasi Mineral - Indoneisa
  • Krishnapatnam Port Company Ltd. - India
  • Sree Jayajothi Cements Limited - India
  • Tanito Harum - Indonesia
  • Arch Coal - USA
  • Global Business Power Corporation, Philippines
  • PTC India Limited - India
  • Bhoruka Overseas - Indonesia
  • Madhucon Powers Ltd - India
  • Jindal Steel & Power Ltd - India
  • Leighton Contractors Pty Ltd - Australia
  • Coal India Limited
  • Siam City Cement - Thailand
  • India Bulls Power Limited - India
  • Commonwealth Bank - Australia
  • Fearnleys - India
  • Alfred C Toepfer International GmbH - Germany
  • Petron Corporation, Philippines
  • Malabar Cements Ltd - India
  • MS Steel International - UAE
  • LBH Netherlands Bv - Netherlands
  • Noble Europe Ltd - UK
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Edison Trading Spa - Italy
  • Sical Logistics Limited - India
  • UBS Singapore
  • Toyota Tsusho Corporation, Japan
  • Globalindo Alam Lestari - Indonesia
  • CIMB Investment Bank - Malaysia
  • RBS Sempra - UK
  • Chettinad Cement Corporation Ltd - India
  • Energy Link Ltd, New Zealand
  • Planning Commission, India
  • Dalmia Cement Bharat India
  • Antam Resourcindo - Indonesia
  • Mjunction Services Limited - India
  • Salva Resources Pvt Ltd - India
  • Mitra SK Pvt Ltd - India
  • IEA Clean Coal Centre - UK
  • Aboitiz Power Corporation - Philippines
  • Kapuas Tunggal Persada - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Core Mineral Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Marubeni Corporation - India
  • globalCOAL - UK
  • Singapore Mercantile Exchange
  • Glencore India Pvt. Ltd
  • Cigading International Bulk Terminal - Indonesia
  • Vale Mozambique
  • Directorate Of Revenue Intelligence - India
  • Billiton Holdings Pty Ltd - Australia
  • Gujarat Sidhee Cement - India
  • Arutmin Indonesia
  • Inco-Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Binh Thuan Hamico - Vietnam
  • IOL Indonesia
  • Thermax Limited - India
  • Interocean Group of Companies - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Vitol - Bahrain
  • Coal Orbis AG
  • Oldendorff Carriers - Singapore
  • Coeclerici Indonesia
  • Trasteel International SA, Italy
  • Tamil Nadu electricity Board
  • Indo Tambangraya Megah - Indonesia
  • Xindia Steels Limited - India
  • Shree Cement - India
  • Kohat Cement Company Ltd. - Pakistan
  • Kumho Petrochemical, South Korea
  • ETA - Dubai
  • Bharathi Cement Corporation - India
  • Gresik Semen - Indonesia
  • Agrawal Coal Company - India
  • Renaissance Capital - South Africa
  • Energy Development Corp, Philippines
  • SMG Consultants - Indonesia
  • PetroVietnam
  • NTPC Limited - India
  • SMC Global Power, Philippines
  • Neyveli Lignite Corporation Ltd, - India
  • CESC Limited - India
  • Larsen & Toubro Limited - India
  • Manunggal Multi Energi - Indonesia
  • Cargill India Pvt Ltd
  • AsiaOL BioFuels Corp., Philippines
  • Bank of China, Malaysia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Bulk Trading Sa - Switzerland
  • Cardiff University - UK
  • GB Group - China
  • Romanian Commodities Exchange
  • Medco Energi Mining Internasional
  • Barasentosa Lestari - Indonesia
  • Barclays Capital - USA
  • Petrosea - Indonesia
  • Essar Steel Hazira Ltd - India
  • CCIC - Indonesia
  • Moodys - Singapore
  • VISA Power Limited - India
  • Wood Mackenzie - Singapore
  • Mercuria Energy - Indonesia
  • Anglo American - United Kingdom
  • Meenaskhi Energy Private Limited - India
  • APGENCO India
  • Cebu Energy, Philippines
  • Indonesian Coal Mining Association
  • Karaikal Port Pvt Ltd - India
  • PLN Batubara - Indonesia
  • Indian Energy Exchange, India
  • Standard Chartered Bank - UAE
  • Global Green Power PLC Corporation, Philippines
  • Eastern Energy - Thailand
  • World Coal - UK
  • Maersk Broker
  • Meralco Power Generation, Philippines
  • Mechel - Russia
  • HSBC - Hong Kong
  • Freeport Indonesia
  • Bukit Makmur.PT - Indonesia
  • Savvy Resources Ltd - HongKong
  • Kobe Steel Ltd - Japan
  • MEC Coal - Indonesia
  • Panama Canal Authority
  • Tata Chemicals Ltd - India
  • EMO - The Netherlands
  • Humpuss - Indonesia
  • Tata Power - India
  • Deloitte Consulting - India
  • GN Power Mariveles Coal Plant, Philippines
  • IHS Mccloskey Coal Group - USA
  • Global Coal Blending Company Limited - Australia
  • Indika Energy - Indonesia
  • Ambuja Cements Ltd - India
  • Platou - Singapore
  • Merrill Lynch Bank
  • Electricity Authority, New Zealand
  • IBC Asia (S) Pte Ltd
  • Bukit Baiduri Energy - Indonesia
  • Aditya Birla Group - India
  • GHCL Limited - India