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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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Friday, 21 August 20
BHP COMMITS TO SELLING ITS THERMAL COALMINES WITHIN TWO YEARS - THE GUARDIAN
Move follows pressure from investors but company stops short of full exit from coalmining
BHP has announced it plans to sell off its ...
Thursday, 20 August 20
MINER BHP CONFIRMS PLANS TO EXIT THERMAL COAL SECTOR - THE SYDNEY MORNING HERALD
The head of mining giant BHP has laid out plans for a reshaping of its global operations by seeking to quit thermal coal mining, offload some cokin ...
Thursday, 20 August 20
LONDON RETAINS ARBITER CROWN - BALTIC EXCHANGE | HFW
Fears that the UK’s decision to leave the European Union would dent the reputation of the nation’s capital as the leader in maritime ar ...
Wednesday, 19 August 20
U.S. COAL STOCKPILES STEADILY INCREASE AFTER REACHING LOWEST LEVEL IN A DECADE IN 2019 - EIA
After reaching their lowest level in more than a decade in March 2019, U.S. coal stockpiles steadily increased to 152 million tons in April 2020, r ...
Wednesday, 19 August 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.26 PCT - XINHUA
China Taiyuan coal transaction price index stood at 124.92 points Monday, down 0.26 percent week on week.
The index, released by Chi ...
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- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Australian Coal Association
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Parliament of New Zealand
- Aditya Birla Group - India
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
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