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.
|
|
Monday, 07 October 13
Q3'14 SUB-BIT FOB INDONESIA COAL SWAP CLOSED 6.53% HIGHER THAN Q4'13
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery gained 0.53 % on day and fell 2.33 percept month on month ...
Sunday, 06 October 13
DRY BULK FREIGHT MARKET STAYS STEADY IN SPITE CHINESE HOLIDAYS - SOLYM CARRIERS SINGAPORE
COALspot.com: The freight market continued to remain firm in spite of Chinese holidays.
The BDI closed at 2,084 points on Friday 4 October or up ...
Saturday, 05 October 13
CAPESIZE EARNINGS SKYROCKET AS A RESULT OF INCREASED CHINA DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
An increased iron ore demand has triggered this latest dry bulk rally, which could get yet another boost during next week, when China is expected to ...
Friday, 04 October 13
NICKEL ORE SHIPMENTS - LESSONS LEARNED FROM LOSSES
One of the most pressing problems for the bulk shipping industry is the safe carriage of nickel ore. The increasing demand for this commodity is fue ...
Friday, 04 October 13
US COAL PRODUCTION UP 2.1% WEEK ON WEEK - EIA
COALspot.com – United States the world’s second largest coal producer produced approximately 19.70 million short tons (mmst) of coal in ...
|
|
|
Showing 4081 to 4085 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Planning Commission, India
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
|
| |
| |
|
