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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, 14 November 17
COAL STOCKS RUN SHORT, CENTRE TO GET DAILY UPDATE ON STOCKS - DECCAN CHRONICLE
Facing a shortage of coal for thermal power generation in the country, the Central Electricity Authority (CEA) has issued guidelines for maintainin ...
Tuesday, 14 November 17
IN 2018, WORLD OIL DEMAND IS FORESEEN REACHING 1.51 MB/D - OPEC
Oil Market Highlights - OPEC
The OPEC Reference Basket averaged $55.50/b in October, gaining $2.06 over the previous month and reaching the hi ...
Monday, 13 November 17
THERMAL COAL PRICES WERE RELATIVELY UNCHANGED - DANIEL HYNES
Coal prices were broadly higher, driven by strong gains in the metallurgical coal market said Daniel Hynes, Senior Commodity Strategist at ANZ in h ...
Monday, 13 November 17
THIESS AWARDED $300M SANGATTA EXPANSION CONTRACT
Thiess has been awarded a $300 million contract by Kaltim Prima Coal (KPC) to expand operations at Sangatta coal mine in East Kalimantan, Indonesia ...
Friday, 10 November 17
U.S. COAL OUTPUT FOR THE FIRST 10 MONTHS OF 2017 IS ESTIMATED AT AROUND 656 MMST; UP10% YOY - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15 million short tons ...
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Showing 1881 to 1885 news of total 6871 |
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- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Planning Commission, India
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Australian Coal Association
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- The University of Queensland
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- PTC India Limited - India
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
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