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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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Tuesday, 19 July 22
SEEING RED? - WOOD MACKENZIE
What a Republican mid-term victory could mean for US energy and climate policy
According to current polling the Republican Party has ...
Thursday, 14 July 22
INDIA'S COAL IMPORTS HIT RECORD HIGH IN JUNE - REUTERS
India's coal imports hit a record high in June despite high global prices, data from three trade sources and Refinitiv ship tracking showed, as ...
Thursday, 14 July 22
CHINA'S JUNE COAL IMPORTS SLUMP AS TRADERS SHUN EXPENSIVE OVERSEAS CARGOES - REUTERS
China’s coal imports fell 33% in June from a year ago, with traders turning down expensive overseas cargoes in favor of domestic ones with ca ...
Wednesday, 13 July 22
KOWEPO TO IMPORT 2.79 MILLION TONS OF LOW TO MEDIUM COAL
COALspot.com: Korea Western Power Co., Ltd. (KOWEPO) has issued an International tender for Total 1360k MT of Min.4400 kcal/kg NCV coal and Total 1 ...
Wednesday, 13 July 22
HAVE MINERS MISSED THE BOAT TO INVEST AND GET AHEAD OF THE ENERGY TRANSITION? - WOOD MACKENZIE
Miners are in rude health, benefiting from economic stimuli, the post-pandemic recovery and associated supply constraints. Initially the Ukraine wa ...
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- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
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