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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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Wednesday, 25 March 20
CORONAVIRUS CRISIS IS CRUSHING GLOBAL GDP GROWTH - FITCH RATINGS
The coronavirus crisis is crushing global GDP growth according to Fitch Ratings in its latest quarterly “Global Economic Outlook” (GEO) ...
Wednesday, 25 March 20
MARKET INSIGHT - INTERMODAL
There is no doubt that the Covid-19 pandemic crisis is a world-shattering event that will change the world as we know it. Societies are facing chal ...
Wednesday, 25 March 20
INDONESIA TO CANCEL RULES REQUIRING DOMESTIC SHIPS FOR COAL, PALM EXPORTS : REFINITIV
Indonesia's government will revoke rules requiring exporters of coal and palm oil to use domestic shipping companies for shipments, Coordinatin ...
Wednesday, 25 March 20
JAN-FEB 2020, INDONESIA SHIPPED 64.5 MLN TONNES OF COAL, UP +3.4% YOY - BANCHERO COSTA
In the 12 months of calendar 2019, Indonesia exported 386.4 mln tonnes of coal, according to vessel tracking data from Refinitiv. This represents a ...
Tuesday, 24 March 20
MARKET ANALYSIS - ALLIED
As countries around the world struggle to take back control of the ongoing COVID-19 pandemic the global economy shuts down bit by bit, leaving only ...
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- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- The University of Queensland
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
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