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Thursday, 06 October 22
AUSTRALIA’S RESOURCES REVENUE TO HIT RECORD AMID UKRAINE CONFLICT - REUTERS
Australian resources and energy export earnings are forecast to jump 7% to a record A$450 billion ($290 billion) this fiscal year, bolstered by soaring coal and gas prices in the wake of sanctions on Russia, the government said on Tuesday.
The country is set to see strong growth in revenue from exports of liquefied natural gas (LNG) as well as thermal coal used in power plants, the Department of Industry, Science and Resources said in a quarterly report.
That will offset declines in top export earner iron ore and metallurgical coal due to a downturn in steel making.
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Thermal coal export revenue is expected to surge 35% to A$62 billion in the year to June 2023, overtaking revenue from metallurgical coal, forecast at A$58 billion.
“It is expected that thermal coal prices will remain above metallurgical coal prices for some time — an unprecedented situation — and likely enduring while steel demand remains low and energy shortages persist,” the report said.
It added that prices could climb even more than expected as wetter-than-normal conditions over the Australian summer may hamper supply.
Australian coal has increasingly headed to Europe instead of India since mid-2022 after European sanctions were imposed on Russian coal for its invasion of Ukraine, the government said. Cost-sensitive Indian buyers are turning to cheaper Russian and Indonesian supply.
LNG exports are expected to fetch A$90 billion this fiscal year, up 29% on last year, on soaring prices as Europe scrambles to find gas to replace supply from Russia.
“Australia’s higher forecast earnings will be transient if Russia restores European gas flows. But should the flows continue to fall, earnings could rise higher,” the report said.
Lithium export revenue is expected to nearly triple to A$14 billion, buoyed by 16% growth in output and soaring prices as demand for the metal used in electric vehicle batteries grows.
The buoyant forecast is also being helped by the U.S. dollar’s surge against the Australian dollar, as the country’s key commodities are all priced in U.S. dollars.
Source: Reuters
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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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- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- The University of Queensland
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
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