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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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Tuesday, 26 July 22
CAP RUSSIA'S OIL PRICE NOW - PROJECT SYNDICATE
Though the price of oil has declined in recent weeks, it is still through the roof, filtering through to gasoline prices, and causing economic and ...
Tuesday, 26 July 22
WILL SOUTH AMERICA’S WINTER DEMAND DRAW LNG CARGOES AWAY FROM EUROPE? - ICIS
South America is now in the middle of its winter demand season. Last year the region increased its share of global LNG imports in winter, with Braz ...
Monday, 25 July 22
GLOBAL 2021 COAL-FIRED ELECTRICITY GENERATION SURGES TO RECORD HIGH - REUTERS
By contrast, mine output was still fractionally below the record set between 2012 and 2014 because older and less efficient coal generators have be ...
Saturday, 23 July 22
THE EU HAS BEEN REDUCING IMPORTS OF RUSSIAN REFINED OIL PRODUCTS SINCE MARCH - BANCHERO COSTA
The European Union could now ban the import and transit of fuel oil from Russia around six months ahead of the planned deadline, an EU official and ...
Saturday, 23 July 22
INDONESIA CONSIDERING SCRAPPING DOMESTIC SALES RULE FOR PALM OIL EXPORTS - REUTERS
Indonesia is considering removing a domestic sales requirement for palm oil exports because high inventories of the vegetable oil have been holding ...
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- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Trasteel International SA, Italy
- Parliament of New Zealand
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- The University of Queensland
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
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