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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, 20 November 19
FOREIGN DIRECT INVESTMENTS IN COMMERCIAL COAL MINING IN INDIA? - DIPESH DIPU
In August 2019, Government of India announced its approval for Foreign Direct Investment (FDI) for coal mining, processing and sale. Not that FDI i ...
Wednesday, 20 November 19
AUSTRALIA'S NEW HOPE POSTS 66% SURGE IN Q1 SALEABLE COAL OUTPUT - REUTERS
Australian coal producer New Hope Corp Ltd reported on Tuesday a 66% jump in saleable coal production in the first quarter, as output ramped up at ...
Wednesday, 20 November 19
THE IMO AND THE PRICE OF GAS OR THE IMPACT OF THE INTERNATIONAL MARITIME ORGANISATION'S SULPHUR 2020 LIMIT FOR MARINE FUEL OIL ON THE PRICE OF GAS - KING & SPALDING
The main bunker fuel for ships is High Sulphur Fuel Oil (HSFO, with sulphur up to 3.5% m/m (mass by mass)). This will all change on 1 January 2020 ...
Wednesday, 20 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
While the market expects the next OPEC meeting, there are still no clear signs indicating that the organization will keep supporting oil prices, wh ...
Monday, 18 November 19
CHINA RECORDS STABLE COAL PRODUCTION IN JAN-OCT: XINHUA
China’s raw coal output registered stable growth in the first 10 months, while its imports remained robust, official data showed.
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- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Economic Council, Georgia
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Planning Commission, India
- Minerals Council of Australia
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Eastern Coal Council - USA
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
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