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Friday, 05 January 18
COAL DEMAND TO REMAIN FLAT TO 2022, RESULTING IN A DECADE OF STAGNATION - IEA
 Global demand for coal should remain nearly flat between 2017 and 2022, resulting in a decade of stagnation for coal consumption, according to the International Energy Agency’s annual coal market report.
Global coal consumption fell 1.9% to 5,357 million tonnes of coal equivalent (Mtce) last year, the second year of decline, because of lower gas prices, a surge in renewables and improvements in energy efficiency, according to Coal 2017. Coal demand is down 4.2% over the last two years, nearly matching the two-year decline in the early 1990s, which remains the biggest recorded drop since the IEA started compiling statistics more than 40 years ago.
By 2022, global coal demand is expected to reach 5,530 Mtce, the same as the average of the last five-year period, and meaning that coal use will have had a decade-long period of stagnation.
The share of coal in the global energy mix is forecast to decline to 26% in 2022, from 27% in 2016 because of sluggish demand compared with other fuels. Although coal-fired power generation increases by 1.2% per year through 2016-22, its share of the power mix falls to just below 36% by 2022, which would be the lowest level since IEA statistics began.
“The energy system is evolving at a rapid pace all around us, with a more diversifying fuel mix, and the cost of technologies going down,” said Keisuke Sadamori, the International Energy Agency’s director for energy markets and security. “But while everything else is changing, global coal demand remains the same.”
Coal demand dropped in China, the United States and the European Union in 2016, but increased in India and across many parts of Southeast Asia, and shows no signs of slowing down. For instance, despite the rapid growth in renewables, Indian coal-fired power generation is expected to grow almost 4% a year through 2022.
While India will be increasingly important to global coal markets, China will remain the key driver. The potential for coal demand growth in China is limited, but the country’s supply-side reforms will be critical factors for coal prices in the coming years. Meanwhile, the European Union, accounting today for just 6% of global demand, is set to become an increasingly marginal player.
The IEA highlights that urgent action is needed to support Carbon Capture, Utilisation and Storage (CCUS) technologies, which made important strides last year but still lags far behind other low-carbon technologies. There is a broad agreement among energy leaders from both government and the industry that urgent action is needed to support CCUS, without which the climate challenge will be much more difficult to tackle.
This is why the IEA is working to give a new momentum to this essential technology, and is committed to pushing the global dialogue forward. In November 2017, it organised a global CCUS summit in Paris that was co-chaired by US Secretary of Energy Rick Perry and IEA Executive Director Dr Fatih Birol, bringing together more than 20 countries and CEOs of the world’s top energy companies to focus on this technology.
“This serves as a critical reminder why technologies like CCUS are so important, and why governments and companies need to step up their policy support and investments in that sector in order to meet global climate goals,” said Mr. Sadamori. “Indeed, without CCUS, coal use will be seriously constrained in the future.”
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Thursday, 01 February 18
RISING US OIL EXPORTS, MARKET DISRUPTION, BRENT-WTI SPREAD - WOOD MACKENZIE
What will US tight oil growth do to crude markets? The build-up in volumes early this decade led to a supply glut that undermined prices in 2014.
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Wednesday, 31 January 18
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
Days before the celebrations of the Lunar New Year, the dry bulk market seems to be holding well, against negative predictions. Period numbers repo ...
Monday, 29 January 18
BALTIC INDEX GAINS ON STRONGER BIG VESSEL ACTIVITY
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week and ending on a positive note week ov ...
Monday, 29 January 18
U.S.WEEKLY COAL OUTPUT UP 8.7% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.6 million short tons ...
Wednesday, 24 January 18
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
Since the beginning of the New Year we have been witnessing the BDI correcting downwards, which nonetheless seems to have no effect at ...
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Showing 1821 to 1825 news of total 6871 |
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Planning Commission, India
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- VISA Power Limited - India
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Bhatia International Limited - India
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- The University of Queensland
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