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Friday, 29 July 22
GLOBAL COAL DEMAND IS SET TO RETURN TO ITS ALL-TIME HIGH IN 2022 - IEA
 The world’s consumption of coal is set to rise slightly in 2022, taking it back to the record level it reached nearly a decade ago, according to an IEA report published today, which notes that significant uncertainty hangs over the outlook for coal as a result of slowing economic growth and energy market turbulence.
Based on current economic and market trends, global coal consumption is forecast to rise by 0.7% in 2022 to 8 billion tonnes, assuming the Chinese economy recovers as expected in the second half of the year, the IEA’s July 2022 Coal Market Update says. This global total would match the annual record set in 2013, and coal demand is likely to increase further next year to a new all-time high.
The new report highlights the significant turmoil in coal markets in recent months, which has important implications for many countries where coal remains a key fuel for electricity generation and a range of industrial processes. At the same time, the world’s continued burning of large amounts of coal is heightening climate concerns, as coal is the largest single source of energy-related CO2 emissions.
Worldwide coal consumption rebounded by about 6% in 2021 as the global economy recovered rapidly from the initial shock of the Covid pandemic. That sharp rise contributed significantly to the largest ever annual increase in global energy-related CO2 emissions in absolute terms, putting them at their highest level in history.
Global coal demand is being propped up this year by rising natural gas prices, which have intensified gas-to-coal switching in many countries, as well as economic growth in India. Those factors are being partly offset by slowing economic growth in China and by the inability of some major coal producers to ramp up production.
Demand for coal in India has been strong since the start of 2022 and is expected to rise by 7% for the full year as the country’s economy grows and the use of electricity expands. In China, coal demand is estimated to have declined by 3% in the first half of 2022 as renewed Covid lockdowns in some cities slowed economic growth, but an expected increase in the second half of the year is likely to bring coal consumption for the full year back to the same levels as last year. China and India together consume double the amount of coal as the rest of the world combined, with China alone accounting for more than half the world’s demand.
Coal consumption in the European Union is expected to rise by 7% in 2022 on top of last year’s 14% jump. This is being driven by demand from the electricity sector where coal is increasingly being used to replace gas, which is in short supply and has experienced huge price spikes following Russia’s invasion of Ukraine. Several EU countries are extending the life of coal plants scheduled for closure, reopening closed plants or raising caps on their operating hours to reduce gas consumption. However, Europe only accounts for about 5% of global coal consumption.
As soaring natural gas prices have made coal more competitive in many markets, international coal prices have risen in turn, hitting three all-time peaks between October 2021 and May 2022. Sanctions and bans on Russian coal following Russia’s invasion of Ukraine have disrupted markets, and issues in other major exporters have contributed to supply shortages. With other coal producers facing constraints in replacing Russian output, prices on coal futures markets indicate that tight market conditions are expected to continue well into next year and beyond.
Source: IEA
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Sunday, 21 August 22
COAL-RICH POLAND FACES WINTER OF ENERGY DISCONTENT - DW
Poland uses 10 million tons of coal a year to heat households — a whopping 87% of all coal consumed in EU homes in 2019, according to the War ...
Saturday, 20 August 22
KOSPO TO IMPORT 240000 MT OF MIN 4400 KCAL/KG NCV STEAM COAL FOR OCTOBER;LOADING FROM RUSSIAN PORTS NOT ALLOWED
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 240,000 MT of min 4,400kcal/kg to max. 4,999 kcal/kg NC ...
Wednesday, 17 August 22
INDIAN COMPANIES SWAPPING DOLLAR FOR ASIAN CURRENCIES TO BUY RUSSIAN COAL - REUTERS
Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoidi ...
Wednesday, 17 August 22
LNG: MAJOR INVESTMENT AND EXPANSION PHASE, DOUBLING OF LIQUEFACTION CAPACITY BY 2028 PROJECTED - CLARKSONS
Clarksons Research have released the latest version of their long standing annual review, LNG Trade & Transport, on to Shipping Intelligence Ne ...
Wednesday, 17 August 22
UNAFFORDABLE LNG PRICES UNDERMINE RAPID DEMAND GROWTH FORECASTS IN KEY ASIAN MARKETS - IEEFA
Sustained high prices may accelerate downward pressures on Asian LNG demand, clouding long-term industry outlooks
The global liquefi ...
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- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Australian Coal Association
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Planning Commission, India
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Star Paper Mills Limited - India
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
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