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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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Monday, 08 March 21
MARCH 2021 INDONESIA COAL PRICE REFERENCE SETTLES LOWER
COALspot.com: The Indonesia coal price reference for March 2021 settles at US$ 84.49 per ton FOB vessel.
The Indonesia coal pr ...
Saturday, 06 March 21
AUSTRALIAN COAL: SOME WEAKNESS COULD MATERIALIZE AFTER THE WINTER - ING
Newcastle coal prices remain well supported for now, however as we move out of the winter months we would expect prices to come under pressure. Mea ...
Saturday, 06 March 21
ASIA SEABORNE COAL PRICES START TO RETREAT, CHINA-AUSTRALIA DISPUTE LINGERS - REUTERS
There are signs that the price and demand surge for coal during the recent colder-than-expected winter across North Asia is starting to ease, even ...
Thursday, 04 March 21
HEAD OF JBIC SAYS THE JAPANESE BANK WILL NOT FUND NEW COAL PLANT DEVELOPMENT - NHK NEWS
The governor of the Japan Bank for International Cooperation has said that the government-owned financial institution will stop funding new coal-fi ...
Wednesday, 03 March 21
MARKET INSIGHT - INTERMODAL
Following the recent rally to multi year highs of metal-based commodities, amid an unprecedented global economic stimulus, discussions of an emergi ...
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- Banpu Public Company Limited - Thailand
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- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
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- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
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- Trasteel International SA, Italy
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- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
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- Orica Australia Pty. Ltd.
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- Semirara Mining Corp, Philippines
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- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
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- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
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- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Australian Coal Association
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Malabar Cements Ltd - India
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- The University of Queensland
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- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
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- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
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- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
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- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- ASAPP Information Group - India
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