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Friday, 14 November 14
MORE NATURAL GAS FROM RUSSIA TO HELP STABILISE CHINA PRICES - FITCH RATINGS
 COALspot.com: Fitch Ratings has said possible additional natural gas supplies from Russia's OAO Gazprom to China via the Altai pipeline would help China to materially close its demand-supply gap, which would provide greater stability to gas prices in the country.
According to Fitch, on 9 November 2014, Gazprom and China National Petroleum Corporation signed an additional framework agreement to supply 30 billion cubic metres (bcm) of natural gas a year to China via the Altai pipeline, known as the "western route". This follows an agreement signed in May 2014 to supply 38bcm of natural gas to China via the Power of Siberia trunkline, known as the "eastern route".
While no pricing details for the latest agreement are available, Fitch considers it unlikely that the price will be much higher than the "eastern route" agreement, at or above USD350 per thousand cubic metre (around CNY2.2 per cubic metre).This is materially lower than the cost of imported liquefied natural gas (LNG) in Asia; in 2013, LNG accounted for around 15% total gas consumed in China. The two gas supply contracts would make Russia China's single largest gas supplier, overtaking Turkmenistan's 65bcm per year.
China's National Development and Reform Commission (NDRC) have an ambitious natural gas usage target of 360bcm by 2020; in 2013, the demand in China was 168bcm. Progress in securing piped gas from both Russia and central Asia is critical to achieving that target as domestic production growth has been slow.
Aside from ensuring sufficient supply, the contracts with Russia also ensure supply at prices cheaper than LNG, which will stabilise natural gas prices in China over the medium term. We estimate that a higher proportion of gas being procured through pipelines would keep China gas prices at around CNY3 per cubic metre.
Currently, domestic conventional gas is priced at around CNY1.2 per cubic metre. The NDRC has been raising the city-gate level prices to increase the economic incentives for domestic gas production as well as to compensate for the higher share of LNG in the supply. Assuming domestic conventional gas and synthetic natural gas (SNG) prices converge with the current pipeline gas price at around CNY2.2 per cubic metre, a CNY3 per cubic metre price will allow approximately CNY1 per cubic metre on average as gas transmission costs in China. On this basis, the potential gas price increase between now and 2020 will be around CNY0.5 per cubic metre, which translates to a manageable price increase of around 3% a year through 2020.
Fitch views the latest pipeline gas deal as positive for domestic city gas operators such as China Resources Gas Group Limited and ENN Energy Holdings Limited in the long run. Securing a stable supply ensures their growth potential will be fully met as China's natural gas sector has historically been constrained by insufficient domestic supply. Stabilisation of gas price, on the other hand, reduces the risk of margin compression caused by increasing gas purchasing cost and delays in pass-through to end users. China substantially closing the demand-supply gap with pipeline supplies will also mean downward pressure on Asian LNG prices, which is positive for importers. We also believe this is beneficial for the profitability of CNPC's mid-stream gas supply operations.
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Monday, 10 November 14
Q4' 15 FOB INDONESIA COAL SWAP CLOSED LOWER THAN Q1' 15 CLOSING PRICE OF US$ 49.58 ON LAST FRIDAY
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, week on week and day on day.
The Q1 swap has lost just US$ ...
Monday, 10 November 14
SGX'S API 4 FOB RICHARDS BAY COAL SWAP FOR Q1' 2015 DELIVERY CLOSED AT US$ 65.44 ON 7 NOV, LOST 4.08% M-O-M
COALspot.com: API 4 FOB Richards Bay Coal swap for Q1’ 2015 delivery has decreased US$ 2.78 (-4.08%) month over month and US$ 1.41 (-2.11%) w ...
Monday, 10 November 14
MOZAMBIQUE SIGNED CONTRACT WITH ETA STAR OF UAE FOR OPEN CAST COAL MINE IN TETE - AIM
- ETA Star to build slurry pipeline over the 600 kilometers to Beira in Mozambique to transport coal.
- The viability studies show the presence o ...
Monday, 10 November 14
YEAR 2015 CFR SOUTH CHINA COAL SWAP SHOWS A WEAK TREND THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased US$ 3.74 (-5.63%) month over month and US$ 2.19 (+3.37%) we ...
Sunday, 09 November 14
CAPE INDEX UP 3.06%; PANAMAX INDEX FELL 4.05%
COALspot.com: The BDI was almost at same levels compared to last week closing or just increased 0.77 pct from last week. The BDI was closed at 1437 ...
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- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Planning Commission, India
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
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