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Thursday, 20 December 12
COAL CLOSING IN ON OIL AS WORLD'S TOP ENERGY SOURCE BY 2017
 COALspot.com - Coal’s share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world’s top energy source, the International Energy Agency (IEA) said today as it released its annual Medium-Term Coal Market Report (MCMR).
According to IEA, coal’s share of global energy mix to continue rising, with coal closing in on oil as world’s top energy source by 2017.
IEA’s Medium-Term Coal Market Report sees coal demand increasing in nearly every region of the world except US, where shale gas is displacing coal
The report further said, although the growth rate of coal slows from the breakneck pace of the last decade, global coal consumption by 2017 stands at 4.32 billion tonnes of oil equivalent (btoe), versus around 4.40 btoe for oil, based on IEA medium-term projections. The IEA expects that coal demand will increase in every region of the world except in the United States, where coal is being pushed out by natural gas.
“Thanks to abundant supplies and insatiable demand for power from emerging markets, coal met nearly half of the rise in global energy demand during the first decade of the 21st Century,” said IEA Executive Director Maria van der Hoeven.
“This report sees that trend continuing. In fact, the world will burn around 1.2 billion more tonnes of coal per year by 2017 compared to today – equivalent to the current coal consumption of Russia and the United States combined. Coal’s share of the global energy mix continues to grow each year, and if no changes are made to current policies, coal will catch oil within a decade.”
According to report, China and India lead the growth in coal consumption over the next five years. The report says China will surpass the rest of the world in coal demand during the outlook period, while India will become the largest seaborne coal importer and second-largest consumer, surpassing the United States.
The report further said, as US coal demand declines, more US coal is going to Europe, where low CO2 prices and high gas prices are increasing the competitiveness of coal in the power generation system. This trend, however, is close to peaking, and coal demand by 2017 in Europe is projected to drop to levels slightly above those in 2011, due to increasing renewable generation and decommissioning of old coal plants.
Amid concern about the impact of Chinese uncertainty on coal markets, the report offers a Chinese Slowdown Case. This scenario shows that even if Chinese GDP growth were to slow to a 4.6% average over the period, coal demand would still increase both globally and in China – indicating that coal demand is not likely to stop growing even with more bearish economic perspectives.
Indonesian coal will be benefitted for at least next five years, as China and India to lead the growth in coal consumption. Chinese and Indian buyers always prefered for Indonesian coal due to availability of multi-grade coal and freight benefits.
The current the low coal prices is expected to be turn around to positive once the China and India return to its normal demand level.
Year 2013, is expected to be seller’s year once China and India back to market with their inquiries and coal producing countries control their coal output.
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Saturday, 22 December 12
FALL IN CAPE AND PANAMAX RATES DRAG BDI INDEX - VISTAAR
COALspot.com - The freight market further softened this week closing at 700 points (down by 10.71 pct). The cape index continued to fall and w ...
Saturday, 22 December 12
DELTA DUNIA MAKMUR PRODUCED 3.2 MILLION TONS OF COAL IN NOVEMBER' 12
COALspot.com - PT Delta Dunia Makmur Tbk., has removed 28.1 million bcm* (+1.8% YoY) of Overburden in November 2012 while coal production was at 3.2 ...
Friday, 21 December 12
JORC CODE, 2012 EDITION NOW FINALIZED
COALspot.com - The JORC Committee has announced that, the completion of the review of the JORC Code of 2012 Edition.
The JORC Code, 2012 Ed ...
Thursday, 20 December 12
CHINA'S IRON ORE AND COAL DEMAND WILL SHAPE THE CAPESIZE DRY BULK TRADE DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the best efforts from ship owners to help alleviate the current tonnage oversupply issue in the dry bulk segment, especially in the larger v ...
Tuesday, 18 December 12
NEWCASTLE PORT IN AUSTRALIA SHIPPED 20.19 PERCENT MORE COAL W/E 17 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 3,269,640 MT of thermal and coking coal for week ended 0700 hours 17 December 2012, Newc ...
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Showing 4456 to 4460 news of total 6871 |
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- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- PTC India Limited - India
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Australian Coal Association
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- The University of Queensland
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Parliament of New Zealand
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Minerals Council of Australia
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
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