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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, 29 July 22
GLOBAL COAL DEMAND IS SET TO RETURN TO ITS ALL-TIME HIGH IN 2022 - IEA
The world’s consumption of coal is set to rise slightly in 2022, taking it back to the record level it reached nearly a decade ago, according ...
Thursday, 28 July 22
CREW FAMILIARISATION IS CRITICAL WHEN TAKING OVER A VESSEL - WEST P&I CLUB
Knowledge to Elevate
When a vessel changes ownership and/or manager, it can take some considerable time before the new crew and mana ...
Thursday, 28 July 22
RETURN OF COAL A THREAT TO EUROPEAN COMPANIES' ESG RATINGS - REUTERS
European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance ratings, leaving them ...
Wednesday, 27 July 22
MARKET INSIGHT - INTERMODAL
Amid the upcoming ban on Russian coal from the EU, which will be in full effect on August 10th, EU nations have been accelerating their coal import ...
Tuesday, 26 July 22
CAP RUSSIA'S OIL PRICE NOW - PROJECT SYNDICATE
Though the price of oil has declined in recent weeks, it is still through the roof, filtering through to gasoline prices, and causing economic and ...
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- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- PTC India Limited - India
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
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