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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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Wednesday, 17 August 22
PAXOCEAN, HONG LAM MARINE AND BUREAU VERITAS SIGN MOU TO DEVELOP AMMONIA BUNKER VESSEL DESIGN - BUREAU VERITAS
PaxOcean Engineering Pte. Ltd. has signed a Memorandum of Understanding (MOU) with Singapore-based bunker vessel operator Hong Lam Marine and class ...
Wednesday, 17 August 22
GOODFUELSS ASIA-PACIFIC BRANCH KICKSTARTS SUSTAINABLE BIOFUEL DELIVERIES WITH NYK AS FIRST CLIENT - GOOD FUELS
GoodFuels, the leading biofuels pioneer for the global transport industry, has today announced that it has successfully supplied sustainable marine ...
Tuesday, 16 August 22
EU BAN ON RUSSIAN COAL IMPORTS COMES INTO FORCE - DEUTSCHE WELLE
The European Union banned Russian coal imports in response to the invasion of Ukraine as part of sanctions in April. Since then, it’s been sc ...
Thursday, 11 August 22
MARKET INSIGHT - INTERMODAL
On July 22nd, Ukraine signed a deal with Russia to release 22mn tons of grain from Ukraine’s 3 major ports (Yuzhny, Chornomorsk, Odesa). Such ...
Wednesday, 10 August 22
THE FUTURE OF COAL: EIGHT KEY THEMES FROM THE GLOBAL COAL FORUM - WOOD MACKENZIE
Coal investors face a multi-layered and unavoidable challenge: markets distorted by war, trade constraints and the existential threat of the energy ...
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- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
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