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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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Friday, 02 September 22
ABM INVESTAMA BUYS 30% GEMS SHARES FOR US$ 420 MILLION
PT ABM Investama Tbk through its indirect subsidiary, bought a 30% stake in the PT Golden Energy Mines Tbk for US$ 420 million or around Rp 6.2 tri ...
Wednesday, 31 August 22
MARKET INSIGHT - INTERMODAL
Scorching temperatures and extremely dry conditions during the Northern hemisphere summer have been drying crops. Yield prospects have subsided in ...
Tuesday, 23 August 22
HIGH COAL PRICES COULD BOOST INDONESIA'S ENERGY TRANSITION - IEEFA
Global coal prices have reached an all-time high as countries stop purchasing Russian coal amidst the Russia-Ukraine conflict. Indonesian coal comp ...
Tuesday, 23 August 22
A COMBINED US$6.8-BILLION CASH BALANCE OF INDONESIAN COAL COMPANIES COULD PROVIDE FOR TIMELY INVESTMENTS IN GREEN TRANSITION - IEEFA
A combined US$6.8-billion cash balance of Indonesian coal companies could provide for timely investments in green transition
The opp ...
Tuesday, 23 August 22
SHIPPING INDUSTRY TO REMOVE THE INDIAN OCEAN HIGH RISK AREA - BIMCO
After more than a decade of effective threat-reducing counter-piracy operations the shipping industry has removed the ‘Indian Ocean High Risk ...
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- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Australian Coal Association
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- MS Steel International - UAE
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Minerals Council of Australia
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- The University of Queensland
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
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