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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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Thursday, 26 May 22
MARKET INSIGHT - INTERMODAL
The newbuilding market activity has been significantly positive from a dry bulk owner perspective during the first half of 2022. Indeed, the contra ...
Wednesday, 18 May 22
INDONESIAN COAL PRICE REFERENCE DROPPED 4.42% IN MAY
COALspot.com: Indonesian Coal Price Reference for May delivery drops 4.42 per cent month on month.
The Indonesian Coal Price Referen ...
Thursday, 12 May 22
MARKET INSIGHT - INTERMODAL
Almost through half of the year, the overall shipping market continues to show signs of healthiness, after plenty of festivities and holidays that ...
Wednesday, 27 April 22
EUROPEAN UNION'S LNG IMPORTS - BANCHERO COSTA
In 2021, the European Union (27) was the third largest seaborne importer of LNG in the world, with a 15.8% share.
It followed Mainla ...
Tuesday, 26 April 22
CHINA'S APPETITE FOR BAUXITE HITS NEW RECORD AS Q1 IMPORTS JUMP 15.4% Y/Y - BIMCO
Bauxite shipments arriving in China hit new record levels in the first quarter of 2022 and grew at an average annual rate of 12.8% between 2017 and ...
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- Essar Steel Hazira Ltd - India
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- Planning Commission, India
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- Medco Energi Mining Internasional
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- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- VISA Power Limited - India
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- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
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- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
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- Parliament of New Zealand
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- Cement Manufacturers Association - India
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- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
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- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
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- Independent Power Producers Association of India
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- White Energy Company Limited
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- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
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- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
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- Georgia Ports Authority, United States
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- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- The University of Queensland
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- Eastern Coal Council - USA
- London Commodity Brokers - England
- Goldman Sachs - Singapore
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- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
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- Sree Jayajothi Cements Limited - India
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- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
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- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
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- IHS Mccloskey Coal Group - USA
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- CNBM International Corporation - China
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- Chamber of Mines of South Africa
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
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