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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, 04 March 20
MARKET INSIGHT - INTERMODAL
As it was expected, the whole world has been focusing on the spread of the Coronavirus, with the fast outbreak being primarily a massive humanitari ...
Wednesday, 04 March 20
CORONAVIRUS: A WILDCARD FOR BULKS DEMAND - WOOD MACKENZIE
The coronavirus is casting a shadow across commodity markets. It has undermined China’s economic sentiment, putting the country’s growt ...
Wednesday, 04 March 20
THERMAL COAL TO 'PHASE OUT', STRONG DEMAND FOR COKING COAL: PLATO - SYDNEY MORNING HERALD
Plato Investments managing director Don Hamson says Australian iron ore producers are set to benefit in the fallout from coronavirus as China will ...
Wednesday, 04 March 20
CHINA PROVINCE TO CLOSE 10 MLN TONNES OF COAL CAPACITY IN 2020 - XINHUA
Southwest China’s Guizhou Province plans to phase out 10 million tonnes of outdated coal production capacity by closing 80 coal mines in 2020 ...
Wednesday, 04 March 20
UKRAINE PRODUCED OVER 2.55 MLN TONNES OF COAL IN FEBRUARY - UKRINFORM
In February 2020, Ukraine produced over 2.55 million tonnes of coal, which is 0.2% less than planned.
The Coal Miners Union of Ukrai ...
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- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
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- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- PTC India Limited - India
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- White Energy Company Limited
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- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
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- Indian Oil Corporation Limited
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- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
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- Parry Sugars Refinery, India
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- IHS Mccloskey Coal Group - USA
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- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Parliament of New Zealand
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- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Economic Council, Georgia
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- MS Steel International - UAE
- Global Business Power Corporation, Philippines
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- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
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- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Sakthi Sugars Limited - India
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- Attock Cement Pakistan Limited
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- Straits Asia Resources Limited - Singapore
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- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
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- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
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- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
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- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
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- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Australian Coal Association
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
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- Tata Chemicals Ltd - India
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- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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