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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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Monday, 21 March 22
A FORCE MAJEURE TO BE RECKONED WITH - BALTIC EXCHANGE
Sanctions cause payment confusion
This dispute in MUR Shipping BV v. RTI Ltd [2022] EWHC 467 (Comm) related to an owner’s purported exercis ...
Monday, 21 March 22
CHINA'S COAL OUTPUT UP 10.3 PCT IN FIRST TWO MONTHS - XINHUA
China’s raw coal output posted fast growth in the first two months of 2022, while coal imports continued to shrink, official data showed.
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Tuesday, 15 March 22
INDUSTRY VETERANS & ORGANIZATIONS HONOURED WITH THE PRESTIGIOUS SHIPTEK INTERNATIONAL AWARDS 2022
Press Release: The 15th edition of the prestigious ShipTek International Conference & Awards 2022 concluded successfully from March 7th - 8th 2 ...
Tuesday, 15 March 22
CHINA'S COAL OUTPUT GROWS TO STABILIZE MARKET SUPPLY - XINHUA
China’s coal market has seen growth in output since late February amid the country’s efforts to stabilize production and ensure supply, ...
Tuesday, 08 March 22
RUSSIA-UKRAINE CONFLICT ADDS IMPETUS TO ASIA'S ENERGY TRANSITION - IEEFA
Clean energy alternatives are a crucial hedge against future disruptions in global commodity markets
Russia’s invasion of Ukra ...
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- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- PTC India Limited - India
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Planning Commission, India
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
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