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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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- Kalimantan Lumbung Energi - Indonesia
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- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
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- Salva Resources Pvt Ltd - India
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- Africa Commodities Group - South Africa
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
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- The State Trading Corporation of India Ltd
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- The University of Queensland
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- Parry Sugars Refinery, India
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- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
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- Singapore Mercantile Exchange
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- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
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- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
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- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
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- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
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- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- White Energy Company Limited
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
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- SMG Consultants - Indonesia
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- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
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- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
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- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Bhatia International Limited - India
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- Economic Council, Georgia
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- Heidelberg Cement - Germany
- SMC Global Power, Philippines
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- Romanian Commodities Exchange
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