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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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Friday, 16 September 22
DRY BULK MARKET: EU’S BAN ON RUSSIAN COAL LIFTS DEMAND DESPITE ECONOMIC HEADWINDS - BIMCO
Highlights
– The Baltic Exchange Dry Index (BDI) peaked in late May and has since fallen sharply as lower Chinese demand and adverse glob ...
Friday, 16 September 22
BIMCO EMBARKS ON NEW STANDARD FOR “QUIET ENJOYMENT”
KNOWLEDGE TO ELEVATE
A newly set-up BIMCO drafting team involving a cross-section of shipowners, charterers, financing and leasing i ...
Friday, 16 September 22
INDIAN COAL PRODUCTION TO RISE 150 PER CENT IN 10 YEARS: CENTRE - EXPRESS NEWS SERVICE
The Union Ministry of Mines is expecting 150 per cent growth in coal production 10 years down the line as a result of coal reforms that had been us ...
Thursday, 15 September 22
MARKET INSIGHT - INTERMODAL
While the Organization of Petroleum Exporting Countries and its allies agreed on a 100,000 b/d output cut last week, oil flows are in the spotlight ...
Monday, 12 September 22
COAL PRICE HIKE REMAINS DIFFICULT FOR CIL: CHAIRMAN TELLS ANALYSTS - PTI
Coal India on Thursday informed investors that increasing coal prices remains difficult in the current context when the economy is grappling with h ...
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- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- The University of Queensland
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- White Energy Company Limited
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Planning Commission, India
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
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