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Monday, 31 October 22
U.S. COAL-FIRED GENERATION DECLINING AFTER BRIEF RISE LAST YEAR - EIA
.jpg) 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 generation declined each year between 2014 and 2020, it rose 16% in 2021 as a result of increased electricity demand and higher natural gas prices following the pandemic. Despite natural gas prices remaining high, coal-fired generation has continued its previous trend of decline this year as a result of constrained coal supply.
Coal and natural gas are two of the most prevalent sources of power generation in the United States. Natural gas-fired power plants that use modern combined-cycle technology can compete effectively with coal-fired generation because they operate with 30% to 35% greater efficiency. This difference affects relative fuel costs between coal and natural gas and the substitution between the two fuels.
Between 2020 and 2021, the delivered cost of natural gas for power generators nearly doubled while the delivered cost of coal grew by only 3%. The increase in natural gas prices caused the share of total natural gas-fired generation to fall to 37% in 2021 from 39% in 2020. In contrast, coal-fired generation increased in 2021 for the first time since 2014 and averaged 23% of U.S. generation, up from 20% in 2020.
The cost of delivering fuel to coal-fired and natural gas-fired generators depends on a wide variety of factors. Wholesale power prices are generally set by the price of natural gas, and natural gas prices have been volatile throughout most of 2022. Compared with coal-fired generators, costs for natural gas-fired generators are more dynamic. Natural gas is bought mostly in the daily, monthly, and seasonal markets to align fuel needs with power sales, which can be highly uncertain. Costs for coal-fired generators are more static because delivered coal prices are mostly based on long-term contracts and remain relatively steady for longer periods. So far this year, as reported to EIA, the delivered price of natural gas has increased more in percentage terms than the delivered price of coal, but natural gas prices for generators may decrease substantially in the fourth quarter.
Despite higher natural gas prices in 2022, we expect natural gas-fired generation will increase slightly this year, and its share of annual U.S. generation will increase from 37% to 38%. The electric power sector is not moving away from natural gas as we expected previously because coal-fired power plants, which have historically acted as a substitute for natural gas generation, have not been receiving enough coal to meet demand. We expect coal production to increase by less than 2% during 2022, and we expect much of that gain to be exported. We expect that the share of generation provided by coal will return to 20% in 2022, down from 23% last year.
Most coal is delivered to power plants by railroads in the United States, which have encountered a number of disruptions this year. Although U.S. coal inventories have been declining in recent years as coal-fired generators have retired, the limitations on coal deliveries have further constrained generators’ ability to replenish stocks and increase generation. During the first seven months of 2022, coal inventories at power plants averaged 23% lower than in 2021.
Source: EIA
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Thursday, 25 January 24
THE RED SEA ESCALATION IMPLICATIONS ON GLOBAL SEABORNE TRADE - MARIA BERTZELETOU
In recent days, discussions have intensified about the potential impact on the seaborne trade and ton-miles due to the evolving dynamics of market ...
Thursday, 25 January 24
RED SEA SHIPPING DISRUPTIONS KEEP GEOPOLITICAL PREMIUM FOR COMMODITIES - FITCH RATINGS
Shipping disruptions and re-routing away from the Red Sea will maintain the geopolitical premium in the main commodity markets, including for oil a ...
Friday, 19 January 24
INDONESIA TARGETS 710 MLN METRIC TONS COAL OUTPUT IN 2024 AFTER RECORD 2023 - REUTERS
Indonesia, a major thermal coal exporter, aims to produce 710 million metric tons of coal in 2024, its mining minister said on Monday, after postin ...
Friday, 19 January 24
DRUMMOND COLOMBIA COAL OUTPUT ROSE 7.1% IN 2023 - REUTERS
Coal production from miner Drummond’s Colombia operations rose 7.1% in 2023 to 29.5 million metric tons, while exports declined by 2.6% to 27 ...
Friday, 19 January 24
CHINA'S 2023 COAL OUTPUT HITS RECORD HIGH - REUTERS
China’s coal output reached a record high in 2023, data from the statistics bureau showed on Wednesday, amid an ongoing focus on energy secur ...
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- MS Steel International - UAE
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
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