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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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Wednesday, 12 December 12
69.23 PERCENT OF END-USERS ARE BELIEVE, COAL PRICES ARE IN UPWARD TREND
COALspot.com - The Indonesian government’s declared coal reference price for December’ 12 has gained US cents 31 per MT M-o- ...
Wednesday, 12 December 12
CAPESIZE FREIGHT RATES TO RANGE BETWEEN $9,000 - 16,000/DAY IN THE COMING WEEKS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its regular update on the dry bulk market, BIMCO forecasted yesterday, that Capesize time-charter rates are expected to stay elevated in the foll ...
Tuesday, 11 December 12
NEWCASTLE PORT IN AUSTRALIA HAS LOADED 2,720,205 MT OF COAL W/E 10 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,720,205 MT of thermal and coking coal for week ended 0700 hours 10 December 2012, Newc ...
Sunday, 09 December 12
COAL SWAPS HAVE LOST DIRECTION DUE TO LACK OF ASIAN INTEREST
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 2.43 percent M-M but lost WoW by 0.54 percent and 0.62 ...
Sunday, 09 December 12
LOW DEMAND PUSHES CHARTER RATES TOWARDS DOWN - VISTAAR
COALspot.com - The freight market has softened and BDI, The Baltic Dry Index, a measure of shipping costs for dry bulk goods, plunged below 10 ...
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Showing 4466 to 4470 news of total 6871 |
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- Wilmar Investment Holdings
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Planning Commission, India
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Deloitte Consulting - India
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Australian Coal Association
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- White Energy Company Limited
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
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