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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, 21 December 17
SUPRAMAX: IN THE MOST CHANCE, DO NOT EXPECT ANY DRAMATIC CHANGES IN THE NEAR FUTURE - FEARNLEYS
Supramax
Market reducing speed. Rates are dropping further for supras outbound USG on fronth, bkhaul is more stable i.e $25k/22k respectively say ...
Wednesday, 20 December 17
INDONESIAN HBA FELL FOR THE FIRST TIME IN SIX MONTHS, GOVERNMENT DATA SHOWS
COALspot.com: HBA fell 0.80 per cent in December, marking the first fall for the Indonesian Coal Price Reference ( HBA) since June 2017, the latest ...
Monday, 18 December 17
U.S. COAL EXPORTS FOR THE FIRST THREE QUARTERS OF 2017 WERE 69 MMST; UP 68% M/M - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.5 million sho ...
Thursday, 14 December 17
SUPRAMAX: INDO COAL TO CHINA AROUND LOW $10K DELIVERY SINGAPORE
Supramax
Atlantic basin kept its firm pace with charters still busy with covering pre-holiday requirements. Ultras got close to $20k for ordinary ...
Wednesday, 13 December 17
REFINED COAL HAS MADE UP NEARLY ONE-FIFTH OF COAL-FIRED POWER GENERATION SO FAR IN 2017 - EIA
The U.S. power sector consumption of coal is increasingly shifting to refined coal, even as coal-fired electricity generation decreases. Use of ref ...
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Showing 1846 to 1850 news of total 6871 |
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- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- MS Steel International - UAE
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- PTC India Limited - India
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
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