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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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Sunday, 26 January 20
SUPRAMAX: THE ASIAN BASIN SAW A 56,000DWT SHIP FIXING DELIVERY SAMARINDA TRIP TO WEST COAST INDIA AT $4,750 - BALTIC BRIEFING
Capesize
The market endured heavy losses throughout the past week, with the Capesize 5TC dropping from $8,352 to $4,772. In the lead up to Chin ...
Sunday, 26 January 20
SHIPPING NEEDS TO PREPARE FOR CORONAVIRUS RESTRICTIONS WARNS HILL DICKINSON
The shipping industry needs to be prepared for potential restrictions in order to prevent the further spread of the ‘Wuhan’ coronavirus ...
Friday, 24 January 20
LOW-SULPHUR FUEL OIL PRICES DROP USD 99 PER MT IN SINGAPORE - BIMCO
Singapore has seen one of the largest drops in the price of Very Low Sulphur Fuel Oil (VLSFO), which peaked on 7 January 2020 at USD 740 per metric ...
Friday, 24 January 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINED FLAT DURING THE PAST WEEK - XINHUA
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China’s major ports, stood at 553 yuan (about 80.1 U.S. dollars) ...
Thursday, 23 January 20
PANAMAX: ANOTHER DISAPPOINTING WEEK IN BOTH THE ATLANTIC AND THE PACIFIC BASIN - FEARNLEYS
Cape Size
From bad to worse for the biggest ships as prices for low-sulphur fuel oil remain high whilst freight rates deteriorate further. Aver ...
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- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- White Energy Company Limited
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Sical Logistics Limited - India
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