We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 14 October 13
CARBON POLICIES UNLIKELY TO PREVENT A COAL-FUELLED WORLD - WOOD MACKENZIE
 China will propel coal growth but US, Europe and Asia will sustain global demand.
At the World Energy Congress (WEC) today Wood Mackenzie's President of Global Markets, Mr William Durbin, said that global government policies to reduce carbon emissions will not prevent a hydrocarbon world as coal will surpass oil as the dominant fuel later this decade. China and India's aggressive power requirements will be responsible for coal's burgeoning role in energy but US, Europe and Asia will still contribute to coal demand. As such, Wood Mackenzie expects existing carbon policies to have a muted impact. Instead, the pace of coal demand will be influenced more by local governments of emerging markets needing to balance economic growth, energy demand and environmental needs.
Mr Durbin says, "China's economic growth will continue to be driven by urbanisation and industrialisation as the government seeks to improve housing as well as create economic opportunities. At the same time, the pursuit of increased national wealth is needed to support a shift to growth based on consumption. Coal will be used to fuel the growth because, unlike alternatives, it is plentiful and affordable. Consequently, China's demand for coal will almost single-handedly propel the growth of coal as the dominant global fuel."
"Even with environmental concerns and global pressures, China and India just do not have the same latitude that more developed economies have to focus on carbon emissions at the risk of reducing economic development from higher cost alternative fuels and technologies. China could have cleaner air and use more coal to fuel its growth if current emission control technologies were deployed and used more effectively"
Global demand for oil in the year 2000 was 3,500 million tonnes of oil equivalent (Mtoe) compared to coal at 2,300Mtoe. By 2010, coal demand grew to almost 3,600Mtoe, just behind oil demand of 4,000Mtoe. Looking forward to 2020, Wood Mackenzie expects global coal consumption to reach 4,500Mtoe, overtaking oil which reaches 4,400Mtoe. This is a 25% growth in coal consumption from 2010-2020 with two-thirds of this growth being driven by Chinese coal-fired power generation.
China's power requirements will increase from 5,000 Terawatts per hour (TWh) in 2012 to 8,600TWh in 2020. Coal fired power generation accounts for 46% of that growth. Mr Durbin explains China's preference towards coal, "Firstly, there is limited availability of natural gas supplies due to the rapid pace of domestic demand growth and little progress in developing unconventional gas. Secondly, LNG and pipeline imports are two to three times more costly than domestic and imported coal. And thirdly, renewables cannot provide base load power. This leaves coal as the primary energy source."
Outside of China and India, global coal demand will be sustained. Mr Durbin says," If you take China and India out of the equation, what is more surprising is that under current regulations, coal demand in the rest of the world will remain at current levels. Even though natural gas and renewables make up the bulk of incremental power capacity in Europe, the US and other parts of Asia; coal demand will be sustained because of its price competitiveness."
In Europe, the struggling economy and low coal prices has rendered the European Union (EU) Emissions Trading Scheme (ETS) ineffective. The carbon price will need to reach €40/t to encourage fuel switching, which is unlikely before 2020. In North America, despite plentiful quantities of low cost natural gas, relatively inexpensive coal remains competitive in many locations. Southeast Asia has traditionally relied on low cost domestic gas for power needs but as gas supplies struggle to keep pace with demand, coal will become the dominant fuel into power by 2020. Lastly, throughout Northeast Asia, high fuel import costs, security of supply and nuclear issues will support growth in coal generation going forward.
Mr Durbin concludes, "We are unlikely to escape a future dominated by fossil fuels any time soon. And while carbon policies have their role in the more developed economies like Europe and the US, developing economies must first implement and enforce environmental regulations that limit other detrimental gases like sulphur dioxide, nitrogen dioxide , mercury and particulate matter before adopting carbon policies that rely on higher cost fuels or technologies. Hence, local issues in developing countries will do more to influence government policy as they will motivate a need for balancing economic development while managing localised environmental impacts in the foreseeable future."
Editor’s notes:
Wood Mackenzie is the most comprehensive source of knowledge about the world’s energy and metals industries. We analyse and advise on every stage along the value chain - from discovery to delivery, and beyond - to provide clients with the commercial insight that makes them stronger. For more information visit: www.woodmac.com
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 01 November 13
DRY BULK MARKET IN FIRST POSITIVE SIGN IN DAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Owners of dry bulk carriers are well aware of the rollercoaster ride that has been the market for their vessels over the past few years. This trend ...
Thursday, 31 October 13
HANDY: ACTIVE; PANAMAX: QUIET; CAPESIZE: NO LIGHT
Handy
The handy market had an active week however not directly translated into the rates we´ve seen in the Pacific. We see more coal and baux ...
Wednesday, 30 October 13
INDONESIAN STATE OWNED COAL MINER HAS EXPORTED 7.02 MILLION TONS OF COAL IN 9 MONTHS
COALspot.com : PT. Bukit Asam, Indonesian state owned coal miner has sold 13.24 million tons of coal for the period January - September 2013. Accord ...
Wednesday, 30 October 13
DRY BULK MARKET HAS LOST FURTHER GROUND THIS PAST WEEK - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable-)
The Dry Bulk market has lost further ground this past week, as de-creased activity in both basins for both C ...
Wednesday, 30 October 13
CAPESIZE: DOWNWARD; SUPRAS AND HANDIES: STABLE - INTERMODAL
The Dry Bulk market has resumed its downward movement, noting another dip for a third week in a row. The larger size segments were responsible for p ...
|
|
|
Showing 4036 to 4040 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- White Energy Company Limited
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
|
| |
| |
|
