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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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Saturday, 01 August 20
SHIP SHAPE - OUCH: FIS
Thursday afternoon saw a report that US GDP in Q2 shrank by 32.9%. Now this may have beaten expectations, but it’s a bit like saying that you ...
Saturday, 01 August 20
ASIA HOPE FOR LONG-TERM OIL DEMAND - BALTIC BRIEFING
Oil demand in Asia Pacific might be expected to plunge 1.8m barrels per day (bpd) this year, but there are still strong prospects for growth over t ...
Friday, 31 July 20
SHORT-TERM IMPACT ON THE CHEMICAL SHIPPING MARKET IF THE INDIA-CHINA DISPUTE ESCALATES - DREWRY
Due to the India-China dispute, the threat of deteriorating trade relations between the two countries has become real. Meanwhile, we expect freight ...
Friday, 31 July 20
PANAMAX: THE PERIOD MARKET REMAINS QUIET WITH FEW FIXTURES REPORTED - FEARNLEYS
Capesize
After weeks of dropping rates, there are finally some resistance for the Capes. Pacific rounds improving to upper15,000s by the middle ...
Friday, 31 July 20
PANDEMIC SENDING SOUTH AFRICAN COAL INDUSTRY TO EARLIER GRAVE - IEEFA
Could South Africa’s coal export industry, one of the largest in the world, be about to take a severe hit from the coronavirus?
...
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- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
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- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
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- Global Business Power Corporation, Philippines
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- Wilmar Investment Holdings
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- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
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- Kohat Cement Company Ltd. - Pakistan
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- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
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- Power Finance Corporation Ltd., India
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- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
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- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
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- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
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- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
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- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
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- Kalimantan Lumbung Energi - Indonesia
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- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
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- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
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- Tata Chemicals Ltd - India
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- Salva Resources Pvt Ltd - India
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