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Wednesday, 12 February 20
CHANGES IN LNG MARKET COULD UNDERCUT PLANS FOR NEW JAPANESE COAL PLANTS - CLYDE RUSSELL
Reuters: Clyde Russell
The collapse in the spot price of liquefied natural gas (LNG) in Asia is a short-term phenomenon that may well end up having a longer-term impact, especially on thermal coal.
The spot price dropped to $2.95 per million British thermal units (mmBtu) for the week ended Feb. 7, the lowest price in records stretching back to 2010. It has lost 57% of its value since the pre-winter peak of $6.80 per mmBtu in mid-October, and is down 74% from the peak price in 2018 and 86% from the all-time high from February 2014.
While it’s unlikely that spot LNG prices will stay at the current depressed levels indefinitely, the trend toward structurally lower prices appears sustainable. There is still no shortage of LNG projects being built, with 17 million tonnes of capacity due to be commissioned this year alone, and considerably more likely in the next five years, as projects from Russia to East Africa start to come online.
This supply surge is likely to have two impacts on prices. Firstly, it will ensure that spot prices remain under downward pressure, and secondly, it will likely accelerate the shift away from long-term, oil-linked contracts to shorter-term, more flexibly priced deals.
This change in the way LNG is priced should give pause for considerable thought to any would-be developers of thermal coal power projects based on imported fuel in Asia, especially Japan. As a country that relies on imports for virtually all its energy, Japan has long prioritized security of supply and diversity in its energy mix. But perhaps the sands have shifted enough to lead to a re-think.
It would in all likelihood be possible to sign long-term or medium-term LNG supply pacts that are not linked to the price of crude oil, but rather to other instruments such as U.S. Henry Hub natural gas, or European gas prices, or even seaborne thermal coal costs. This could give Japan the security of supply it desires, but virtually eliminate the problem LNG has always had, its high cost relative to thermal coal.
Source: IEEFA | Reuters
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Tuesday, 19 July 22
DRY BULK MARKET: CAPESIZE MARKET FIRMS THIS WEEK - BALTIC EXCHANGE
Capesize
Firmer sentiment across both basins pushed the Capesize 5TC route average above the $20,000 threshold this week, closing at $24,209. A ...
Tuesday, 19 July 22
WHY SHIPPING MIGHT BE ABOUT TO GET A LITTLE BIT SLOWER - WORLD ECONOMIC FORUM
If shipping is the beating heart of global trade, its pulse is about to get slower.
Faced with uncertainty about which fuels to use in the long ...
Tuesday, 19 July 22
GERMANY'S INCREASED COAL, OIL USE WILL BE TEMPORARY, SCHOLZ SAYS - CNBC
Chancellor Olaf Scholz says Germany’s decision to reactivate coal and oil-fired power plants to relieve energy shortages because of the war i ...
Tuesday, 19 July 22
INDONESIA REMOVES PALM OIL EXPORT LEVY UNTIL AUG. 31 - REUTERS
Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finan ...
Tuesday, 19 July 22
CHINA'S JUNE DAILY COAL OUTPUT JUMPS ON PEAK SUMMER DEMAND - REUTERS
China’s daily coal output in June rose 6.6 per cent from a month earlier as miners cranked up output ahead of peak summer temperatures, when ...
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- Orica Mining Services - Indonesia
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- Chettinad Cement Corporation Ltd - India
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- Alfred C Toepfer International GmbH - Germany
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- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
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- Parliament of New Zealand
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- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
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- Gujarat Mineral Development Corp Ltd - India
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- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
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- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
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- Chamber of Mines of South Africa
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- Kumho Petrochemical, South Korea
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- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
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- Global Business Power Corporation, Philippines
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- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
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- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
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- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
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- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
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- London Commodity Brokers - England
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- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
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- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
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- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Minerals Council of Australia
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- Ministry of Mines - Canada
- MS Steel International - UAE
- Indonesian Coal Mining Association
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- Medco Energi Mining Internasional
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- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
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- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
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- Savvy Resources Ltd - HongKong
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- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
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- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Australian Coal Association
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- Planning Commission, India
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
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- Simpson Spence & Young - Indonesia
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- The University of Queensland
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- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
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- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
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- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
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- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
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- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
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- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
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