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Wednesday, 18 December 19
ASIA IS SET TO SUPPORT GLOBAL COAL DEMAND FOR THE NEXT FIVE YEARS - IEA
 Press Release: Global coal demand is expected to decline in 2019 but remain broadly stable over the next five years, supported by robust growth in major Asian markets, according to the International Energy Agency’s latest market analysis and forecasts.
The weakness in coal demand this year results mainly from coal-fired electricity generation, which is set to experience its largest ever decline – over 250 terawatt hours (TWh), or more than 2.5%. This drop is led by double-digit falls in the United States and Europe, according to Coal 2019, which was released today and contains forecasts through 2024.
It is too soon to say whether the expected global decrease in coal power generation this year will be the start of a lasting trend. The IEA forecasts that renewable sources will supply a major portion of the increase in global electricity demand over the next five years. Electricity generation from coal will rise only marginally over that period, at less than 1% per year – and its share will decline from 38% in 2018 to 35% in 2024. This means coal remains by far the single largest source of power supply worldwide.
Ultimately, global trends will depend largely on China, where half of the world’s coal is produced and consumed.
In Europe and the United States, coal power generation is sinking to levels not seen in decades. Growth in solar PV and wind, low natural gas prices and stagnating electricity demand have created a perfect storm for coal in both regions, where coal plants retirements continue to take place. These trends will continue through 2024, although the speed of the declines is expected to slow unless coal comes under additional pressure from stronger climate policies or lower-than-expected natural gas prices.
“Wind and solar PV are growing rapidly in many parts of the world. With investment in new plants drying up, coal power capacity outside Asia is clearly declining and will continue to do so in the coming years,” said Keisuke Sadamori, the IEA’s Director of Energy Markets and Security, who is launching the report in Johannesburg today alongside Gwede Mantashe, South Africa’s Minister of Mineral and Energy Resources.
“But this is not the end of coal, since demand continues to expand in Asia,” Mr Sadamori added. “The region’s share of global coal power generation has climbed from just over 20% in 1990 to almost 80% in 2019, meaning coal’s fate is increasingly tied to decisions made in Asian capitals.”
The report highlights that countries in South and Southeast Asia – such as India, Indonesia and Vietnam – are relying on coal to fuel their economic growth. Natural gas and oil have traditionally been the main sources of power generation in Pakistan, but the country has commissioned 5 gigawatts (GW) of coal power capacity since 2017, and another 5 GW is set to come online in the next few years. In Bangladesh, where natural gas has long generated the bulk of electricity supply, coal will gain share in the coming years, with 10 GW of capacity in the pipeline.
“In 2019, global coal power generation will experience the biggest drop ever and coal power generation in India will probably decline for the first time in 45 years,” Mr Sadamori said. “The global picture, however, has not changed much. Coal is disappearing in many advanced economies, but it remains resilient and is even continuing to grow in developing Asia. The low coal power generation in India this year was due to unusually low growth in electricity demand and exceptionally high hydropower output. It is not at all clear that it will be repeated.”
The IEA forecast for global coal demand in this year’s report is very similar to those in previous years, but Coal 2019 warns that potential threats to the sector are increasing. Public opposition to coal is building, many countries are mulling stronger climate and environmental policies, and renewables and natural gas are becoming more and more competitive.
Source: IEA
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Thursday, 10 June 21
INDONESIA COAL EARNINGS RECOVERY TO SLOW AFTER STRONG 1Q - FITCH RATINGS
Fitch Ratings expects the recovery in operating and financial performance of Indonesian coal miners and coal contractors to slow during rest of 202 ...
Thursday, 10 June 21
U.S. COAL PRODUCTION TO TOTAL 600 MMST IN 2021, 11% MORE THAN IN 2020 - EIA
EIA expects U.S. coal production to total 600 million short tons (MMst) in 2021, which is 61 MMst (11%) more than in 2020.
The increase is dri ...
Wednesday, 09 June 21
SHIPTEK INTERNATIONAL CONFERENCE & AWARDS 2021
The In-Person Maritime Event
SHIPTEK INTERNATIONAL CONFERENCE & AWARDS 2021
culminates successfully in Dubai
Press Release: ...
Wednesday, 09 June 21
MARKET INSIGHT - INTERMODAL
“Counter cyclical investments.” usually take place by investing in a “bad” market at the point that ensures that the acquir ...
Saturday, 05 June 21
KOMIPO INVITED 5600 NAR COAL OFFERS FOR THREE YEARS SUPPLY; 520,000 MT PER YEAR
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) has issued an international tender for total 1,560,000 MT of Bituminous Coal to be used a ...
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- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- White Energy Company Limited
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Planning Commission, India
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
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