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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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Tuesday, 23 August 22
SHIPPING: GLOBAL TAX REFORM - WATSON FARLEY & WILLIAMS
OECD rules designed to implement a global minimum corporate tax rate for very large multinational groups have now been published and are expected t ...
Tuesday, 23 August 22
PARTIES CONCLUDE JOINT R&D AGREEMENT FOR WORLD’S FIRST AMMONIA FLOATING STORAGE AND REGASIFICATION BARGE CONTRIBUTING TO PROMOTING THE EARLY INTRODUCTION OF AMMONIA FUEL - NYK
NYK Line, Nihon Shipyard Co., Ltd. (NSY), ClassNK, and IHI Corporation (IHI) signed a joint research and development agreement for the commercializ ...
Monday, 22 August 22
INDONESIAN GOVERNMENT IMPOSED ON NEW PROGRESSIVE ROYALTIES FOR COAL
Indonesian President Joko Widodo has signed a Government Regulation (Number 26 of 2022) on 15 August 2022 related to the progressive royalty rates ...
Monday, 22 August 22
CHINA'S JULY RUSSIAN COAL IMPORTS HIT 5-YR HIGH AS WEST SHUNS MOSCOW - REUTERS
China’s coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted c ...
Sunday, 21 August 22
COAL-RICH POLAND FACES WINTER OF ENERGY DISCONTENT - DW
Poland uses 10 million tons of coal a year to heat households — a whopping 87% of all coal consumed in EU homes in 2019, according to the War ...
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- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
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- TeaM Sual Corporation - Philippines
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- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- PTC India Limited - India
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
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- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
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- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Planning Commission, India
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
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- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
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- Malabar Cements Ltd - India
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- Orica Mining Services - Indonesia
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