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Wednesday, 19 December 18
GLOBAL COAL DEMAND SET TO REMAIN STABLE THROUGH 2023, DESPITE HEADWINDS - IEA
 While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years, as declines in Europe and North America are offset by strong growth in India and Southeast Asia, according to the International Energy Agency’s latest coal market report, Coal 2018.
Air quality and climate policies, coal divestment campaigns, phase-out announcements, declining costs of renewables and abundant supplies of natural gas are all putting pressure on coal. As a result, coal’s contribution to the global energy mix is forecast to decline slightly from 27% in 2017 to 25% by 2023.
But coal demand grows across much of Asia due to its affordability and availability. India sees the largest increase of any country, although the rate of growth, at 3.9% per year, is slowing, dampened by a large-scale expansion of renewables and the use of supercritical technology in new coal power plants. Significant increases in coal use are also expected in Indonesia, Vietnam, Philippines, Malaysia and Pakistan.
Coal in China accounts for 14% of global primary energy, the largest around in the world. Developments in the Chinese coal sector have the potential to affect coal, gas and electricity prices across the world, for instance through inter-fuel substitution or regional arbitrage. This puts China’s coal sector at the centre of the global energy stage. While China accounts for nearly half of the world’s coal consumption, its clean-air measures are set to constrain Chinese coal demand going forward. We forecast Chinese coal demand to fall by around 3% over the period.
Meanwhile, in a growing number of countries, the phase out of coal-fired generation is a key policy goal. But market trends are proving resistant to change.
“The story of coal is a tale of two worlds with climate action policies and economic forces leading to closing coal power plants in some countries, while coal continues to play a part in securing access to affordable energy in others,” said Keisuke Sadamori, Director of Energy Markets and Security at the IEA. “For many countries, particularly in South and Southeast Asia, it is looked upon to provide energy security and underpin economic development.”
This is why the IEA sees technologies like Carbon Capture, Utilisation and Storage (CCUS) as essential tools to bridge current and future energy needs with global and national climate ambitions. To help build a new momentum behind the technology, the IEA and the Government of the United Kingdom recently co-chaired an international summit where ministers, senior governmental officials across the world, CEOs from major energy companies and the financial community came together to identify practical steps to accelerate investment and deployment of CCUS.
“Tackling our long-term climate goals, addressing the urgent health impacts of air pollution and ensuring that more people around the world have access to energy will require an approach that marries strong policies with innovative technologies,” said Mr Sadamori. “It must rely on all available options – including more renewables, of course – but also greater energy efficiency, nuclear, CCUS, hydrogen, and more.”
Source: IEA
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Tuesday, 22 January 19
9TH GLOBAL MANUFACTURING SUPPLY CHAIN INNOVATION SUMMIT 2019
Rethinking the supply chain in manufacturing is a must at the digital era along with the industry transforming and innovating; new manufacturing is ...
Tuesday, 22 January 19
AUSTRALIA'S YANCOAL PRODUCED 50 MMT SALEABLE COAL IN 2018 UP 59 PER CENT ON THE YEAR PRIOR, THE QUARTERLY REPORT SHOWS
According to the report, the miner's quarterly (Q4' 18) saleable coal production of 12.4 Mmt. Includes 10.5 Mmt (85 per cent) from the Comp ...
Monday, 21 January 19
KOSPO INVITING BIDS FOR 320K MT OF LOW CALORIFIC VALUE COAL
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 3,800 kcal/kg NCV low calo ...
Monday, 21 January 19
SUPRAMAX: INDONESIAN COAL RUNS, TONNAGE WAS GIVING APS DELIVERIES AND A 57,000DWT SHIP FIXED AT $7,000 FOR A TRIP TO WEST COAST INDIA - BALTIC BRIEFING
Capesize
A positive end to a week that saw rates on the West Australia/China run slip below $6.00, as charterers faced a plentiful supply ...
Monday, 21 January 19
HARD COAL WORLD TRADE IN 2018 RISES BY 3.7 PER CENT; GLOBAL HARD COAL PRODUCTION INCREASES BY 1.7 PER CENT - VDKI
Global Hard Coal Production Increases By 1.7%.
According to provisional calculations by the German Coal Importer Association (VDKi), ...
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- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Planning Commission, India
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- The University of Queensland
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
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