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Monday, 22 October 18
CONTINUED HIGH LNG PRICES; TRADE WAR IMPACT LIMITED - FITCH RATINGS
 Fitch Ratings expects sustained high spot liquefied natural gas (LNG) and contract prices over the next two quarters on limited investment in LNG export projects over the previous two years due to market expectations of oversupply, higher demand during Asia's summer and winter periods and rising oil prices, with LNG contracts typically linked to oil price benchmarks with a three- to six-month lagged effect.
LNG demand should also be supported across the Asia-Pacific region by rising energy usage and a government-supported switch to natural gas from coal to curb air pollution. Most of the region's demand growth has come from China, which is now the second-largest global LNG importer, behind Japan. Chinese government policy encouraging a switch to gas for winter heating led demand to rise by 46.4% in 2017, with further growth in 2018. This should support further investment in LNG over the next two years, with the market potentially entering a deficit in 2022-2025.
The ongoing trade war between China and the US, with China placing an initial 10% tariff on US LNG, may delay further investment in US projects and limit US export volume to China. However, China only accounted for 15% of US LNG exports over 2017 and Fitch expects US cargos to be redirected to other markets should exports become uncompetitive. We believe the ongoing impact will be limited, as Chinese importers had already cut purchases of US natural gas in the previous few months. PetroChina Company Limited (A+/Stable) had also signed a long-term LNG contract with Qatargas in September 2018, which should mitigate the loss of US imports.
Trade tensions may slow further investment in US LNG facilities, but globally, several major LNG projects have either been greenlit or moved towards final investment decision (FID). We do not expect new projects to deliver their first cargos until around 2022, as LNG projects typically take around four to five years from FID to first cargo delivery.
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Wednesday, 24 October 18
MARKET INSIGHT - NASSOS SOULAKIS
Looking at 2018 SnP activity, it is evident that Greek, Chinese and North European (German and Norwegian) owners are the top buying nationalities, ...
Wednesday, 24 October 18
CHINESE POWER PLANT STOCKPILES AT HIGHEST LEVEL SINCE 2015 - JEFFREY LANDSBERG
Chinese power plant coal stockpiles have climbed to approximately 83.3 million tons as of the middle of this month, said Jeffrey Landsberg in his e ...
Tuesday, 23 October 18
WILL THE U.S. COAL DECLINE CONTINUE? - FORBES
What’s Trump’s new coal proposal?
Adding to its controversial plan to leverage federal authority to keep retiring baselo ...
Monday, 22 October 18
WINTER OIL MARKET OUTLOOK - OPEC
The oil market in the winter season is generally characterized by demand for diesel, particularly in the northern hemisphere, leaving product marke ...
Saturday, 20 October 18
PANAMAX: THE PACIFIC SAW A LARGE VOLUME OF FIXING, WITH INDONESIA AGAIN THE DRIVING FORCE - THE BALTIC BRIEFING
Capesize
A positive end to last week after a shaky start, with a Coaltrans taking participants out of the market early on and with rates slippi ...
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- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Planning Commission, India
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
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