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Tuesday, 01 May 12
VIETNAM FEARS IT MAY NOT SEEK COAL SUPPLIES - TBKTSG / VIETNAMNET BRIDGE
 TBKTSG / VietNamNet Bridge reported that, with five coal-run thermopower plants under construction, PetroVietnam alone would need 18 million tons of coal, of which 13 million tons would be imported. By 2020, Vietnam would need 48 million tons of coal imports a year.
The thorny problem
Indonesia is considering imposing export tariffs on coal and normal metal exports in an effort to restrict the export of raw materials, In the immediate time, the export tariff on coal would be 25 percent in 2012, which would be raised to 50 percent in 2013.
Together with Australia, Indonesia is one of the two biggest coal exporters in the world, which is the main supplier to Asian economies. Indonesia’s intention to impose heavy tax on coal exports would push the coal prices up, and lead to a stiffer race to obtain the right to buy coal. Vietnam, which has no advantages in the race, would meet even bigger difficulties in the future.
Currently, a lot of thermopower plants in Vietnam have been designed in a way to use the coal imports from Indonesia. If the Indonesian government imposes such heavy tariffs, the production costs of the plants would be very high, thus making the power plant projects fail completely.
In 2011, the Vietnam Coal and Mineral Resources Vinacoal imported 9000 tons of coal from Indonesia in a trial basis. Dr Nguyen Thanh Son from Vinacoal said this was a low quality coal, and importing this kind of coal would be detrimental to Vietnam in terms of the shipping fee.
Meanwhile, no one can say for sure if the supply is profuse enough. In 2011, Indonesia exported 250 million tons of coal. The amount was not enough to satisfy the additional demand of China and India. Australia exported 280 million tons of coal, but Japan alone demanded 200 million tons.
In the future, India plans to increase the coal imports to 300 million tons by 2016-2017, which is double the current level. China, which is consuming more than a half of the global coal output, would also have to seek more foreign supply sources to satisfy its bigger thirst.
As for Japan, the demand for coal would surely increase. After the trouble with Fukushima nuke plant in March 2011, the country has shut down many nuke power plants, while coal run thermopower plants would be the alternative.
The coal demand is forecast to increase by 4.46 percent per annum in the next decade, while Asia would see the growth of 7.03 percent. Meanwhile, the coal reserves have been decreasing, and the current resources would be enough to satisfy the demand by 2030 only.
As such, it is foreseeable that Vietnam would have to compete with the rivals more powerful in financial capability, such as China, Japan, India and South Korea to obtain the right to buy coal.
To date, all the things Vinacoal and PetroVietnam has done is to sign frame agreements with foreign coal suppliers. Meanwhile, it remains unclear about the supply volume and prices.
The Ministry of Industry and Trade is considering buying coal mines in foreign countries to ensure stable coal supplies for domestic power plants. The two supply sources Vietnam has thought of are Australia and Russia.
However, Son has warned that this proves to be an unfeasible plan. He said that in Australia, all the mines easy for exploitation have been bought by Japanese. They have also bought the stakes of railway companies and port development companies to more easily export coal. China, a powerful economy, also finds it difficult to exploit the coal resource, let alone Vietnam.
As for Russia, in order to have the exclusive right to exploit one mine with the reserves of 100 million tons, Vietnam would need at least 500 million dollars.
Source: TBKTSG / VietNamNet Bridge
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Economic Council, Georgia
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- ASAPP Information Group - India
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
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