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Thursday, 30 June 22
INVESTMENT IN GLOBAL COAL SUPPLY CHAIN TO HIT $115 BN IN 2022, LED BY CHINA AND INDIA - BUSINESS LINE
At over $80 billion, China and India are anticipated to make up the bulk of global coal investment in 2022, says IEA.
The investment quantum globally on coal supply chains is expected to grow by 10 per cent year-on-year to around $115.5 billion in the current calendar year, with China and India accounting for a major share, International Energy Agency (IEA) has said.
“Around $105 billion was invested in the coal supply chain in 2021, an increase of 10 per cent year-on-year, and a further 10 per cent rise is expected in 2022 as tight supply continues to attract new projects. This is a long way from the market situation implied by international climate goals and the Glasgow commitment to phase down coal. This increase is being led by China and India, the dominant players in global coal markets,” IEA said in the World Energy Investment report 2022.
Coal shortages and power rationing in China in 2021 made energy security the main priority in near-term Chinese policy, and more than 350 million tonnes (MT) per year of new coal mining capacity was brought on stream in the second half of the year. India is also looking to increase domestic coal supply in the face of a squeeze in 2022 that increased the use of more expensive imported coal, it added.
“Given the unprecedented rise in coal prices in 2022, a key question is whether this will trigger a new wave of investment in the coal supply chain. Outside China and India, it is not clear that such an increase in investment will take place,” the annual report said.
The report explained that the global coal supply investment is expected to grow by another 10 per cent in 2022 as tight supply continues to attract new projects. “At over $80 billion, China and India are anticipated to make up the bulk of global coal investment in 2022,” it added.
IEA said that India, the world’s second-largest consumer and coal producer, is seeking to increase coal production as its energy needs grow and the government looks to decrease imports. This is particularly the case because a supply squeeze in 2022 increased the use of more expensive imported coal.
State-run monopoly Coal India, which accounts for over 80 per cent of the national output, has a target to reach 1,000 MTPA production in the coming years, while also investing in washing plants and rail corridors. Other players include public companies (SSLC and NLC), captive producers and mine developer-operators (MDOs) who are increasingly working for Coal India, the report pointed out.
Under the Indian government’s Coal Mines (Special Provisions) Act, merchant producers can sell coal at free-market prices outside CIL’s monopoly. The first auction for commercial mining blocks was awarded in November 2020, with 19 mines allocated, representing over 3 billion tonnes of coal reserves and a peak capacity of over 50 MTPA.
“A number of additional auction rounds have been launched since. There is uncertainty about how rapidly private producers can navigate the approval process and the pace of development of the production capacity, but current high coal prices are likely to provide a strong incentive,” IEA said.
Source: The Hindu Business Line
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Friday, 04 November 22
CHINA EXPANDS COAL TERM CONTRACTS TO ALL MINES TO STABILIZE MARKET - REUTERS
China has expanded long-term thermal coal supply contracts for 2023 to all coal mines and asked power utilities to source more of their demand thro ...
Thursday, 03 November 22
HANDYSIZE VALUES MOVING UP IN OCTOBER, WHILE LNG VALUES SKYROCKET - VESSELSVALUE
Handysize values have increased this month across most ages, following a period of decline. Values for generic 10 year old Handysizes have moved up ...
Thursday, 03 November 22
EUROPEAN GAS SUPPLY SURPLUS, NOVEMBER HBA DOWN TO US$ 308.2 PER TON - ESDM
European gas supply conditions have a major influence in determining fluctuations in the Reference Coal Price (HBA). The November 2022 HBA recorded ...
Wednesday, 02 November 22
MARKET INSIGHT - INTERMODAL
Only five weeks before western sanctions’ full effect, uncertainty over energy has markets and governments on the edge. What was initially th ...
Tuesday, 01 November 22
CHINA COAL TRADE DISRUPTED BY COVID OUTBREAKS AS WINTER LOOMS - REUTERS
China’s strict COVID-19 policy is constraining coal supplies and pushing up prices, industry officials and traders say, just weeks before the ...
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- Binh Thuan Hamico - Vietnam
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- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
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- SMC Global Power, Philippines
- Planning Commission, India
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- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
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- Anglo American - United Kingdom
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- PetroVietnam Power Coal Import and Supply Company
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- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
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- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
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- Wood Mackenzie - Singapore
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- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
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- Bulk Trading Sa - Switzerland
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- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
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- Toyota Tsusho Corporation, Japan
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- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
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- Chamber of Mines of South Africa
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
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- Ind-Barath Power Infra Limited - India
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- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Deloitte Consulting - India
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- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
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- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Parliament of New Zealand
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- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
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- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- The University of Queensland
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
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- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
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- Energy Link Ltd, New Zealand
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- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Eastern Energy - Thailand
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