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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, 06 July 22
MARKET INSIGHT - INTERMODAL
Following the 3rd Decarbonizing Shipping Forum, held in Hamburg on June 2022, there has been a meaningful resurgence of discussions within the ship ...
Tuesday, 05 July 22
WHY ARE VLSFO PRICES SO HIGH, ESPECIALLY IN SINGAPORE? - STEVE CHRISTY, INTEGR8 FUELS
Tightness in products still trumps talks of recession
Last month we wrote about the fears of recession versus the tightness in product markets ...
Tuesday, 05 July 22
ADANI ENTERPRISES LOWEST BIDDER IN COAL INDIA'S IMPORT TENDER: REPORT - BUSINESS STANDARD
Coal India Ltd floated its first import tender on behalf of power companies, where Adani Enterprises Ltd came out to be the lowest bidder, a report ...
Tuesday, 05 July 22
CHINA POLICY KEY FOR IRON ORE OUTLOOK - ING
China’s covid lockdowns and recessionary risks hit iron ore
Iron ore prices have fallen significantly from their year-to-date high of US$ ...
Monday, 04 July 22
INDONESIAN COAL PRICE REFERENCE SLIGHTLY DOWN IN JULY
COALspot.com: Indonesian Coal Price Reference for July delivery drops 1.52 per cent month on month.
The Indonesian Coal Price Refere ...
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- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Australian Coal Association
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- White Energy Company Limited
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Parliament of New Zealand
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- VISA Power Limited - India
- Posco Energy - South Korea
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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