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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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Wednesday, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
...
Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
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