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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, 19 February 20
MINERS WELCOME INDONESIA'S NEW JOBS BILL THAT COULD SPUR COAL GROWTH - REUTERS
Miners have welcomed proposed changes to Indonesian mining rules under a new law aimed at boosting investment, though critics are concerned that th ...
Wednesday, 19 February 20
AS OCEAN TEMPERATURES RISE, SHIPOWNERS LOOK FOR WAYS TO COPE - WARTSILA
The world is heating up, and its oceans are no exception. According to the International Panel on Climate Change (IPCC), the oceans absorb the majo ...
Wednesday, 19 February 20
MARKET INSIGHT - INTERMODAL
The coronavirus outbreak is estimated to negatively affect global economy by at least EUR400bn this year, representing around the 0.4% of global GD ...
Tuesday, 18 February 20
WEEKLY MARKET ANALYSIS - ALLIED
Under such poorly performing market circumstances, many usually take the historical approach, in order to better understand and further analyze the ...
Tuesday, 18 February 20
ADARO SHIPPED 27 PERCENT OF ITS TOTAL COAL PRODUCTION IN 2019 TO INDIA AND CHINA
PT Adaro Energy Tbk (AE) produced 58.03 Mt of coal from PT Adaro Indonesia (AI), Balangan Coal Companies and Adaro Me ...
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- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Planning Commission, India
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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