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Tuesday, 27 September 22
14% INCREASE IN EUROPEAN COAL DEMAND TO BE SHORT-TERM TREND - WOOD MACKENZIE
 European seaborne thermal coal demand is projected to increase 14% or 12 million metric tonnes (Mt) this year to 98 Mt as it grapples with the current energy crisis. But this will be a short-lived bump and provide no significant opportunities to expand existing coal infrastructure, as global demand will continue to trend downward, say analysts at Wood Mackenzie, a Verisk business (Nasdaq: VRSK).
Adam Woods, Senior Research Analyst with Wood Mackenzie said: “With many European nations increasing thermal coal use, an additional nine gigawatts (GW) of coal-fired capacity has been made available to meet energy demands and make up for the decline in Russian energy imports. Coal prices are surging, but they are still more affordable than record-high gas prices. While this scenario has made for a slight resurgence, we believe that this will be a relatively short-term event and we do not see companies making major investments to increase infrastructure or long-term production.”
Wood Mackenzie estimates that of the additional 9 GW of coal capacity being made available, only 4.4 GW is in the market, while the rest will be used as an emergency backup in case of an electricity shortage – despite coal-fired power being more economic than natural gas.
The Queensland hard coking coal benchmark remains unnaturally lower than the Newcastle thermal coal price, spurring questions about metallurgical coal crossing over to the thermal market and providing an even cheaper alternative.
“Despite being classified as a coal and being cheaper than thermal coal at this moment, in general, most metallurgical coals do not make great fuels for power plants. Their coal qualities can be a hindrance, and at worst a detriment, to power plant operational efficiency. In our opinion, there will be no wholesale swaps between the two coal types. Though, subject to spot cargo availability, there will be limited options for certain metallurgical coals to crossover to the European import thermal coal market,” said Anthony Knutson, Principal Analyst, Coal.
Long-term, global thermal coal demand will continue to recede. Conversely, this recent bump in coal may speed up the change to renewables in Europe, as this current crisis has highlighted the need for energy security and independence.
Said Woods, “We expect higher European coal-fired generation to last until the middle of this decade. However, imported higher-quality coal generation will still be phased out completely by the end of the decade, although lower-quality domestic lignite generation could extend much further. The higher energy price outlook and supply security concerns make renewables more attractive. We think we will see an additional 35 GW of solar and 15 GW of wind by 2030 in Europe, driven by policy changes such as Germany’s doubling of its 2030 solar target to 205 GW from 100 GW.”
Source: Wood Mackenzie
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Monday, 31 October 22
U.S. COAL-FIRED GENERATION DECLINING AFTER BRIEF RISE LAST YEAR - EIA
We expect 6% less U.S. coal-fired generation in 2022 than in 2021, according to our latest Short-Term Energy Outlook (STEO). Although coal-fired ge ...
Monday, 31 October 22
CHINA COAL OUTPUT UP 12.3 PCT IN SEPTEMBER - XINHUA
China’s raw coal output posted stable expansion in September, official data showed.
The country produced 390 million tonnes of ...
Wednesday, 26 October 22
BIMCO PUBLISHES UPDATED GENCON CONTRACT
BIMCO has published a revised and updated version GENCON 2022 – one of its flagship contracts within its portfolio of standard contracts for ...
Monday, 24 October 22
KOSPO TO INVITE 400,000 MT OF COAL FOR 3 YEARS
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an international tender for 400,000 MT of 3,800 - 4,400kcal/kg NCV and Sulfur Max 0 ...
Wednesday, 19 October 22
ASIA COULD BE A BRIGHT SPOT AMID GLOBAL DOWNTURN NEXT YEAR, ECONOMISTS SAY - CNBC
Asia — especially Southeast Asia — remains a bright spot, even as the global economy looks set to head into recession next year, econom ...
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- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
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- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Australian Coal Association
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- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
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- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Trasteel International SA, Italy
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- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Economic Council, Georgia
- New Zealand Coal & Carbon
- White Energy Company Limited
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
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