We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 21 March 20
PANAMAX: 82,000DWT SHIP AGREED $4,250 FOR A COAL TRIP VIA INDONESIA REDELIVERY SOUTH CHINA - BALTIC BRIEFING
Capesize
The Capesize market made some headway this past week despite being buffeted by the global pandemic storm. With the market in a constan ...
Friday, 20 March 20
VOLATILITY TO INCREASE IN TANKER MARKET FOLLOWING OIL PRICE WAR - DREWRY
Crude oil prices plunged by more than a third in the past week after OPEC+ failed to agree on production cut as demand softened in the aftermath of ...
Friday, 20 March 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
Friday, 20 March 20
OIL PRICES COULD FALL BELOW ZERO: ANALYST - FOX BUSINESS
Plunging oil prices could be headed a lot lower – possibly below zero, according to one Wall Street analyst.
West Texas Interm ...
Friday, 20 March 20
84% OF FEBRUARY BUNKER SALES IN SINGAPORE ARE LOW-SULPHUR FUELS - BIMCO
Low-sulphur fuels accounted for 84% of total February sales in Singapore, slightly up from 83% in January. The sale of low-sulphur fuel oil (LSFO) ...
|
|
|
Showing 1056 to 1060 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- The University of Queensland
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
|
| |
| |
|
