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Thursday, 09 November 23
WE'RE PRODUCING TOO MUCH COAL, OIL AND GAS, REPORT SAYS - WSJ
World leaders pledged in 2015 to reduce emissions in a combined effort to limit climate change.
Now they are stepping up production of oil, gas and coal, which will have the opposite effect.
The top-20 energy-producing nations intend by 2030 to extract double the amount of fossil fuels that would be consistent with the threshold needed to keep warming in check.
The contradiction between climate promises and energy production is nowhere more evident than in the United Arab Emirates, which is set to host the annual climate summit known as COP28, opening Nov. 30.
Diplomats, environmentalists and business leaders will gather in Dubai to hash out how each nation will reach its climate goals and debate whether to issue a statement on phasing out fossil fuels in the coming years.
In July, U.A.E. officials said the country by 2030 would cut greenhouse-gas emissions by 19% compared with 2019. But the state-owned Abu Dhabi National Oil Co. plans to boost oil production capacity to 5 million barrels a day by 2027 from the current 4 million barrels a day.
The company also plans to increase liquid natural gas production from the current 6 million metric tons a year to 15.6 million metric tons by 2028, according to a new report issued Wednesday by the United Nations Environment Program, the nonprofit Stockholm Environment Institute and several other institutions.
The study analyzed 20 nations that produce 80% of the world’s energy. In 2015, world leaders met in Paris and pledged to slow coal, oil and gas production to keep the climate from warming more than 1.5 degrees Celsius above preindustrial levels.
Even positive efforts by some nations will be canceled out by the actions of others.
By 2030, the U.S. expects to cut coal production by 43%, while China plans a 15% reduction. That drop will be overshadowed by new coal production in India, Indonesia and Russia, the report said.
Although the U.S. is phasing out coal, its oil production will reach, and remain at, record levels of 19 million to 21 million barrels a day between 2024 and 2050. U.S. natural gas is projected to increase continually, reaching 1.2 trillion cubic meters in 2050, the report said. Most of that oil and gas is for export.
The report relied on projections from the U.N.’s Intergovernmental Panel on Climate Change and publicly available documents.
Some nations have joined initiatives such as the Global Methane Pledge and the Net-Zero Producers Forum to reduce the greenhouse emissions that scientists say are responsible for climate change. While these agreements might make fossil-fuel production less polluting, they won’t put a big dent in overall emissions, according to Michael Lazarus, a senior scientist at the SEI and a lead author of the report.
“None of these initiatives mentioned the need to reduce fossil fuel production itself, and none of these countries have committed to reduce coal, oil and gas production in line with limiting warming to 1.5 degrees,” Lazarus said. “Most of these countries, especially those with significant oil and gas reserves, plan to increase production.”
Even though energy from carbon-free solar and wind power is making huge gains, the benefits are diminished by ongoing fossil fuel production, said Ploy Achakulwisut, a lead author of the report and a research fellow at the SEI.
“Despite encouraging signs of an emerging clean energy transition, the persistence of the global production gap puts a well-managed and equitable energy transition at risk and conflicts with governments’ climate commitments,” Achakulwisut said.
Source: WSJ
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Saturday, 20 August 22
KOSPO TO IMPORT 240000 MT OF MIN 4400 KCAL/KG NCV STEAM COAL FOR OCTOBER;LOADING FROM RUSSIAN PORTS NOT ALLOWED
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 240,000 MT of min 4,400kcal/kg to max. 4,999 kcal/kg NC ...
Wednesday, 17 August 22
INDIAN COMPANIES SWAPPING DOLLAR FOR ASIAN CURRENCIES TO BUY RUSSIAN COAL - REUTERS
Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoidi ...
Wednesday, 17 August 22
LNG: MAJOR INVESTMENT AND EXPANSION PHASE, DOUBLING OF LIQUEFACTION CAPACITY BY 2028 PROJECTED - CLARKSONS
Clarksons Research have released the latest version of their long standing annual review, LNG Trade & Transport, on to Shipping Intelligence Ne ...
Wednesday, 17 August 22
UNAFFORDABLE LNG PRICES UNDERMINE RAPID DEMAND GROWTH FORECASTS IN KEY ASIAN MARKETS - IEEFA
Sustained high prices may accelerate downward pressures on Asian LNG demand, clouding long-term industry outlooks
The global liquefi ...
Wednesday, 17 August 22
CHINA'S COAL-RICH SHANXI MAKES STRIDES IN HIGH-QUALITY DEVELOPMENT - XINHUA
Shanxi, a major coal-producing province in north China, has made continuous advances in high-quality development over the past decade, according to ...
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- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Planning Commission, India
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- PTC India Limited - India
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
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