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Thursday, 10 August 17
GLOBAL COAL PRODUCTION FELL SIGNIFICANTLY IN 2016 - IEA
 COALspot.com: Global coal production fell significantly in 2016, while global trade in natural gas was up. These are two of the key messages in World Energy Balances, the IEA’s comprehensive picture of energy statistics. These data are drawn from official national data submissions to the IEA from around 150 countries and regions globally.
According to IEA, the coal production fell sharply in China in 2016 by around 320 million tonnes or 9% – a fall equal to more than the total production from South Africa, the world’s 5th largest coal exporter. Coal production also fell elsewhere, such as the US and Australia, leading to global output falling by 458 million tonnes.
One reason why production fell in China was lower demand, particularly for power generation, though China still uses half the world’s coal. Lower coal demand has also been seen across the OECD, specifically in the US and the UK. So globally, despite an increase in India, global coal consumption in 2016 fell by around 2% in energy terms.
The move away from coal generation is most clear within the OECD, where electricity generation from gas in 2016 was virtually equal to coal generation for the first time ever.
IEA further said, the greater demand for gas led to increases in trade, with growth in pipeline gas trade going into the OECD and LNG trade going to Asia.2 Together the increases saw total global gas imports increase by about 47 billion cubic meters (bcm) in 2016 – around 4.5% higher than 2015.
Alongside the growth in gas generation, 2016 also saw the continued increase of renewable generation across the OECD and in countries like China. In the OECD, renewables generation grew by 3.8% to account for 23.8% of all electricity generated, its highest share to date. The growth was largely driven by wind and solar PV, which saw annual average growth rates of 21% and 43% between 2000 and 2016.
Looking at United States production, IEA said, one of the consequences of lower production of coal, oil and gas in 2016 is that OECD Americas dropped just below 100% energy self-sufficient after reaching the level in 2015. However, also visible is the steady increase in OECD Asia Oceania’s self-sufficiency ratio, which is now broadly equivalent to that of OECD Europe, driven in large part by increased production in Australia.
Shares of fuels in global energy demand changed little from 2014 to 2015. In fact, aside from oil and gas, which have changed their shares significantly over the past forty years, the overall shares of fuels in global energy demand have changed little since 1971. Oil remains the most used fuel, mainly for transport, followed by coal, mainly for electricity generation.
Likewise the share of energy use across the world was similar in 2015 to 2014, but the past 40 odd years have witnessed a significant change: Non-OECD Asia is now virtually matched with the OECD as the leading energy consumer.
Detailed data on consumption are more complex for countries to collect and as such comprehensive data at the global level are only available to 2015. Yet these show that between 1971 and 2015, total final consumption (TFC) more than doubled. However, the sectoral share of energy use did not change significantly, with the exception of energy use in transport which increased from 23% of TFC in 1971 to 29% in 2015.
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Tuesday, 20 June 17
WORLD ECONOMY SHOWS A MORE OPTIMISTIC TREND
During the past weeks, we have seen many organizations and think tanks show a more optimistic face with regards to the world economy. The World Ban ...
Monday, 19 June 17
PANAMAX RATES HELP BALTIC INDEX TO A POSITIVE MOVE
COALspot.com: The Freight market rose very marginally this past week compared to the previous week, as BDI and Panamax indexes show a positive tren ...
Friday, 16 June 17
WEEKLY U.S. COAL PRODUCTION RISES; UP 24.1% Y/Y
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.5 million short tonn ...
Thursday, 15 June 17
SUPRAMAX NICKEL ORE FROM PHILIPPINES TO S. CHINA PAYING AROUND MID $10000 - FEARNLEYS
Supramax
Market looked more promising from both sides of the basins. Within Atlantic USG returned with tick better rates seen as tonnage kept tig ...
Wednesday, 14 June 17
WORLD COAL PRODUCTION FELL BY 6.2%, THE LARGEST ANNUAL DECLINE ON RECORD - BP
COALspot.com: The 2017 edition of the BP Statistical Review of World Energy, shows global energy markets continuing to undergo long-term changes as ...
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Showing 2021 to 2025 news of total 6871 |
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- Bayan Resources Tbk. - Indonesia
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- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
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- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
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- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
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- Chamber of Mines of South Africa
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- Toyota Tsusho Corporation, Japan
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- London Commodity Brokers - England
- Goldman Sachs - Singapore
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- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
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- Ceylon Electricity Board - Sri Lanka
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- Mjunction Services Limited - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
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- Petron Corporation, Philippines
- Videocon Industries ltd - India
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- The Treasury - Australian Government
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- Siam City Cement PLC, Thailand
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- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
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- IEA Clean Coal Centre - UK
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- Romanian Commodities Exchange
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- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
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- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
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- Power Finance Corporation Ltd., India
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- Wilmar Investment Holdings
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- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
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- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
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- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
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- South Luzon Thermal Energy Corporation
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- Economic Council, Georgia
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- Antam Resourcindo - Indonesia
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- Singapore Mercantile Exchange
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