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