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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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Monday, 25 October 21
A QUESTION OF POSSESSION - THE BALTIC EXCHANGE
Possession and tangibility are closely related concepts long established under English law. Yet a change to these concepts is around the corner. Th ...
Monday, 25 October 21
CHINA VOWS TO SEVERELY PUNISH MARKET VIOLATIONS AMID LOW COAL FUTURES PRICES - GLOBAL TIMES
Domestic coal futures had plunged for three consecutive trading days after the government vowed to crack down on soaring prices, and China’s ...
Monday, 25 October 21
FARMERS MAY JOIN THE COAL COMMODITY MARKET TO REDUCE RISKS - GLOBAL TIMES
A recent trip to by the Global Times to East China’s Shandong Province to get a glimpse of China’s coal supply chain revealed a surpris ...
Monday, 25 October 21
CHINA COAL PRICES MARK WORST WEEK SINCE MAY ON GOVERNMENT INTERVENTION - REUTERS
China’s thermal coal futures plunged on Friday and turned in their worst week in five months, following Beijing’s strongest interventio ...
Friday, 22 October 21
THE BIG PICTURE: ENERGY MARKETS - BREAK WAVE ADVISORS
The shipping markets have been pulled further into wild markets of coal and other energy sources. Given how nebulous this sector is, it’s alw ...
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- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Planning Commission, India
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- PTC India Limited - India
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- White Energy Company Limited
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
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