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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, 19 October 22
MARKET INSIGHT - INTERMODAL
The LNG market remains extremely tight, and as a result adding further pressure on the vessel charter market, which is already stretched due to the ...
Sunday, 16 October 22
COULD A RETURN TO SHALE EXPLORATION BE PART OF THE SOLUTION TO EUROPE'S GAS SUPPLY PROBLEM? - WOOD MACKENZIE
The European gas market is in turmoil. Russia’s invasion of Ukraine has shaken things up, triggering a complete rethink of European energy st ...
Thursday, 13 October 22
THERMAL COAL PRICES RETREAT AS WINTER SUPPLY FEARS EASE - REUTERS
The prices of key thermal seaborne coal grades are retreating amid signs that supplies will be sufficient to meet winter demand in both Europe and ...
Thursday, 13 October 22
SPOT COAL BIDDING: CHINESE FIRM WANTS REVISED MECHANISM - BUSINESS RECORDER
Chinese company M/s Huaneng Shandong Ruyi (Pakistan) Energy Limited (HSR) has cautioned National Electric Power Regulatory Authority (Nepra) that i ...
Thursday, 13 October 22
OPEC DOWNGRADES CRUDE OIL DEMAND, AS WORLD ECONOMY ENTERS SLOWDOWN
Crude Oil Price Movements
The OPEC Reference Basket (ORB) declined m-o-m by $6.58 in September, or 6.5%, to average $95.32/b. Pressure from equ ...
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- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Planning Commission, India
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
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