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Thursday, 31 October 19
SE ASIA MAY BECOME NET FOSSIL FUEL IMPORTER IN COMING YEARS - IEA
 Southeast Asia is set to become a key driver of world energy trends over the next 20 years as its energy demand grows at twice the global average, reflecting the region’s economic rise but also increasing the challenges for its policy makers, according to a new report by the International Energy Agency.
Southeast Asia Energy Outlook 2019 finds encouraging indications in many areas, but also some warning signs in terms of the security and sustainability of energy systems. The report, part of the IEA’s flagship World Energy Outlook series, was released alongside two other studies focused on the region: The Future of Cooling in Southeast Asia and ASEAN Renewable Energy Integration Analysis.
The content of the reports reflects the priorities of senior energy leaders in Southeast Asia. In 2018, energy ministers from the Association of Southeast Asian Nations (ASEAN) called for “stronger institutional ties” between ASEAN and the IEA, and requested the Agency’s assistance in several specific areas, including regional power trade, renewables integration, cooling efficiency and investment. These topics are all examined in detailed deep dives in the new reports. Keisuke Sadamori, the IEA’s Director of Energy Markets and Security, is presenting the report today at the 3rd Singapore-IEA Forum, part of Singapore International Energy Week.
Southeast Asia Energy Outlook 2019 and the two accompanying reports are a demonstration of the IEA’s ever deepening ties with Southeast Asia and ASEAN member states. The IEA has expansive work programmes with nations across the region, notably Indonesia, Thailand and Singapore, which are IEA Association countries. ASEAN identified the IEA as “a key strategic partner” this year, putting it in a unique position to work with and assist the region. The agency’s collaboration with national governments and ASEAN takes place across a wide range of energy issues such as energy efficiency, investment, power systems, energy security and data.
“Southeast Asia is set to have a major impact over the next two decades, adding the equivalent of Japan’s entire energy system to global demand. This rapid growth underscores the importance of Southeast Asian countries’ energy policies for their citizens but also for the world,” said Dr Fatih Birol, the IEA’s Executive Director.
“As a key strategic partner of ASEAN, the IEA aims to help the region tackle its energy challenges across all fuels and all technologies, including through the insights provided in these latest reports,” Dr Birol said.
According to Southeast Asia Energy Outlook 2019, the region is well on the way to achieving universal access to electricity by 2030. Millions of people in Southeast Asia have gained access to electricity since 2000, yet some 45 million there are still without it today. Meanwhile, rising fuel demand has outpaced production from within the region, meaning Southeast Asia is now on a path to becoming a large net importer of fossil fuels – mostly oil – with an annual energy trade deficit that balloons to more than USD 300 billion by 2040 under today’s policy settings. As well as being extremely costly, this raises energy security concerns as the region becomes ever more dependent on fluctuations in global energy markets and more vulnerable to unpredictable geopolitical events.
Since 2000, Southeast Asia’s 80% increase in overall energy demand has largely been met by a doubling in fossil fuel use. Oil is the largest element in the regional energy mix, and coal – largely for power generation – has been the fastest growing. This has underpinned the region’s development and industrial growth, but has also made air pollution a major risk to public health and driven up energy-related CO2 emissions.
Investment in renewables is starting to pick up: renewable capacity is expected to expand by more than one-third over the next five years, led by solar PV and hydropower. However, without additional changes in policy intentions, renewable sources of power generation would account for only around one-third of the increase in electricity demand to 2040, according to the new Outlook.
Based on today’s policy settings, Southeast Asia’s overall energy demand is set to grow by 60% between now and 2040. All fuels and technologies play a part in meeting the projected increase: oil demand surpasses 9 million barrels per day (mb/d) by 2040, up from just above 6.5 mb/d today. Coal demand rises steadily.
If the region continues on this track, the consequences would be troubling. The number of annual premature deaths associated with outdoor and household air pollution is projected to rise to more than 650 000 by 2040, up from an estimated 450 000 in 2018. The projected growth in fossil fuel consumption would drive a two-thirds rise in CO2 emissions, reaching almost 2.4 billion tonnes in 2040.
Steering the region on to a healthier and more sustainable path would require concerted action across all parts of the energy sector, driven by a major increase in investment that includes significantly higher private sector financing.
The four essential pillars of this shift would be:
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Massively scaling up the deployment of renewables, which can be helped by greater integration of regional power systems and by leveraging the region’s modern bioenergy potential in a sustainable manner;
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Putting a major focus on improving energy efficiency, especially in fast-growing sector such as cooling and road transport;
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Phasing out fossil fuel consumption subsidies in order to spur more sustainable energy consumption and investment decisions;
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Tackling legacy issues, most notably by addressing emissions from the least-efficient coal plant. Carbon capture, utilisation and storage is a vital technology option to reduce emissions from the power sector and from industry.
The IEA will continue to offer the data, analysis and real-world solutions to help countries in the region achieve their energy policy objectives.
Source: IEA
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Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Australian Coal Association
- Eastern Energy - Thailand
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Planning Commission, India
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Economic Council, Georgia
- Lanco Infratech Ltd - India
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