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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, 07 December 21
COAL FIRMS SEE SHARE PRICES SURGE MONDAY, AFTER GOVERNMENT READJUSTS CONTRACT PRICES - GLOBAL TIMES
Share prices of China’s coal enterprises jumped on Monday on the A-share market following a nationwide adjustment to annual thermal coal pric ...
Monday, 06 December 21
CHINA SETS 2022 ANNUAL THERMAL COAL PRICES AT 700 YUAN/T - MEDIA: REUTERS
China’s top economic planner has proposed to set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per tonne, a ...
Thursday, 02 December 21
BUMI RECORDED US$ 666.18 MILLION AS REVENUE IN THE 3RD QUARTER, UP 13.31% YOY
PT Bumi Resources Tbk and its subsidiaries have recorded a surge in revenue in the third quarter of 2021. BUMI has recorded US$ 666.18 million as r ...
Thursday, 02 December 21
CHINA'S COAL CRUNCH IS OVER, BUT PRICES ARE STILL TOO HIGH - REUTERS
China’s coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter.
...
Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.
Earnings generation should slow down as selling pr ...
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- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
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- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
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- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
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- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Lanco Infratech Ltd - India
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- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
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- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
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- Independent Power Producers Association of India
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Economic Council, Georgia
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- Goldman Sachs - Singapore
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- Directorate General of MIneral and Coal - Indonesia
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- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
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- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
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- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
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- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
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- Ministry of Finance - Indonesia
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- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
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- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
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- Gujarat Electricity Regulatory Commission - India
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- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
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