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Thursday, 21 December 17
COAL CONSUMPTION DROPS AS GAS AND RENEWABLES CHEW INTO TRADITIONAL MARKETS - BABS MCHUGH
 "The share of coal in the global energy mix is forecast to decline from 27 per cent last year to 26 per cent in 2022"
Global demand for coal slumped 1.9 per cent in 2016, a record drop in demand that is not expected to change until 2022.
The International Energy Agency (IEA) Coal 2017 report said 5.36 billion tonnes of coal was used last year, the second year in row consumption dropped.
That is a combined total of 4.2 per cent over 2015 and 2016, which according the IEA is larger than the last two-year slump in the early 1990s.
The agency forecasts that by 2022 global coal demand will be 5.53 billion tonnes, which means total demand will have stagnated for more than a decade.
Coal is Australia's second largest export earner after iron ore and has weathered a difficult few years before an unexpected and sustained spot-price rise over the past 18 months.
The IEA director for energy markets Keisuke Sadamori said global energy systems were rapidly evolving and biting into coal's traditional markets.
"There is much more diversity in the fuel mix: fracked natural gas, especially cheaper fracked gas in the United States," he said.
"And costs are reducing for new technologies in both energy efficiency and renewable energy.
"Despite that, demand will remain essentially the same for the next five years.
"We expect coal-fired generation to increase by 1.2 per cent a year until 2022 although its share of the power mix will fall to just below 36 per cent by then."
Demand moves from west to east
Coal use is forecast to decline further in Europe, Canada, USA and China but demand will rise in rapidly developing countries in South East Asia, India, Pakistan and Bangladesh.
The IEA singles out India as being the major growing consumer of coal with coal-fired generation expected to grow there by more than 4 per cent per annum until 2022.
This may not be of great benefit to Australian coal producers with the Indian government declaring it would double its coal use by 2020, but use only domestic supplies to do so.
However, many market commentators do not believe India was positioned to become self sufficient in coal in the medium term.
Pakistan is predicted to increase its coal consumption four-fold by 2022.
Despite the reduction in coal consumption in China, the IEA still sees the nation as a significant price setter.
"China will remain the key driver although the potential for demand growth is," Mr Sadamori said.
"However the country's supply-side reforms will be critical factors for coal prices in coming years."
Source: ABC News
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Tuesday, 27 February 18
SHELL SEES POTENTIAL LNG SUPPLY SHORTAGE AS GLOBAL DEMAND SURGES
Media Release: The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 ...
Saturday, 24 February 18
CHINA BECOMES WORLD'S SECOND LARGEST LNG IMPORTER, BEHIND JAPAN - EIA
China surpassed South Korea to become the world’s second-largest importer of liquefied natural gas (LNG) in 2017, according to data from IHS ...
Friday, 23 February 18
ESTIMATED U.S. WEEKLY COAL PRODUCTION UP 2.8 PER CENT W/E 17 FEB' 18 - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.6 million short tons ...
Thursday, 22 February 18
WHY THE COMMODITY RALLY WILL GET BACK ON TRACK - SIMON FLOWERS
Implications for the US dollar and producers
Are we in the early stages of a sustained rise in commodity prices? And what does it mean for the ...
Thursday, 22 February 18
PANAMAX: IT HAS BEEN A SLOW AND UNEVENTFUL WEEK - FEARNLEYS
Supramax
Slight improvement from Atlantic with more hope for upcoming weeks. More grain cargoes from Black Sea made fhaul rates better again $17- ...
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Showing 1796 to 1800 news of total 6871 |
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- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Australian Coal Association
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
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