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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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Wednesday, 19 October 22
WHAT WILL THE GAS MARKET LOOK LIKE IN A NET ZERO WORLD? - WOOD MACKENZIE
The global gas and LNG market faces a number of ‘great unknowns’. With the market in turmoil uncertainty abounds – from the scale ...
Wednesday, 19 October 22
MARKET INSIGHT - INTERMODAL
The LNG market remains extremely tight, and as a result adding further pressure on the vessel charter market, which is already stretched due to the ...
Sunday, 16 October 22
COULD A RETURN TO SHALE EXPLORATION BE PART OF THE SOLUTION TO EUROPE'S GAS SUPPLY PROBLEM? - WOOD MACKENZIE
The European gas market is in turmoil. Russia’s invasion of Ukraine has shaken things up, triggering a complete rethink of European energy st ...
Thursday, 13 October 22
THERMAL COAL PRICES RETREAT AS WINTER SUPPLY FEARS EASE - REUTERS
The prices of key thermal seaborne coal grades are retreating amid signs that supplies will be sufficient to meet winter demand in both Europe and ...
Thursday, 13 October 22
SPOT COAL BIDDING: CHINESE FIRM WANTS REVISED MECHANISM - BUSINESS RECORDER
Chinese company M/s Huaneng Shandong Ruyi (Pakistan) Energy Limited (HSR) has cautioned National Electric Power Regulatory Authority (Nepra) that i ...
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- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Australian Coal Association
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
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