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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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Tuesday, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.
The index, released by Chi ...
Tuesday, 02 June 20
THE HISTORIC DECLINE OF US COAL - WOOD MACKENZIE
The first commercial power plant in the US was Thomas Edison’s coal-fired Pearl Street station in lower Manhattan, which started operating in ...
Tuesday, 02 June 20
COAL INDIA'S MAY SALES DRIVEN SHARPLY LOWER BY SLUMP IN POWER DEMAND - REUTER
Coal India’s sales fell 23.3% in May as utilities refrained from purchases amid record stockpiles and tepid demand because of a nationwide lo ...
Tuesday, 02 June 20
TUAH TURANGGA AGUNG RECORDED 4.54 MILLION TONS OF COAL SALES IN THE FIRST FOUR MONTHS OF 2020
PT United Tractors Tbk through its subsidiary, PT Tuah Turangga Agung recorded 4.54 million tons of coal sales in the first four months of 2020, up ...
Tuesday, 02 June 20
SOURING SINO-AUSTRALIA TRADE RELATIONS - BALTIC EXCHANGE
Cooling relations between the commodity powerhouses of China and Australia may point to trade troubles ahead when the world emerges from the Covid- ...
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- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
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- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
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- Indonesian Coal Mining Association
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- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
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- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
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- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- SMG Consultants - Indonesia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
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- Asmin Koalindo Tuhup - Indonesia
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- Marubeni Corporation - India
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- Energy Link Ltd, New Zealand
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- Georgia Ports Authority, United States
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- Mercuria Energy - Indonesia
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- Latin American Coal - Colombia
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- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
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- Tamil Nadu electricity Board
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- Mjunction Services Limited - India
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
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- Planning Commission, India
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- The University of Queensland
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
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- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
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- Bhatia International Limited - India
- PTC India Limited - India
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
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- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
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- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
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- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
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