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Saturday, 05 September 20
POLISH COAL DEMAND EXPECTED TO FALL BY 7 MLN TONNES NEXT YEAR: MINISTER - REUTERS
 Poland’s demand for coal is expected to fall by around 7 million tonnes next year, or more than 10% of annual hard coal production, after a drop in demand for electricity, Deputy Minister of State Assets Artur Sobon said on Friday.
Poland generates most of its electricity from burning coal, which has become costly due to rising prices of carbon emission permits. The industry has also struggled with falling demand for coal, which accelerated during the COVID-19 lockdown because the country used less power.
“The situation in coal mining is not easy … We have a fall in electricity production and a fall in production of electricity from coal. We should expect that this is a sustained trend,” Sobon said during a discussion panel on energy transformation during the European Economic Congress in Katowice, the heart of Poland’s coal region.
He said data provided by power stations showed that next year demand for coal would likely shrink by around 7 million tonnes.
Speaking at the same panel, Tomasz Rogala, chief executive at Poland’s biggest coal producer, state-run PGG, said the group had to adjust its output to the demand from Polish utilities, as it would not find new markets for its products.
PGG produces around 30 million tonnes of coal a year, but its output is expected to drop this year due to falling demand and the COVID-19 pandemic.
The company’s management prepared a restructuring plan, which assumed the closure of two of its coal mines, but the proposal was rejected by the trade unions in July. Since then, the government, PGG and unions have been working on a new restructuring scheme.
“The biggest challenge today is to design this change in such a way that it is as acceptable as possible,” Rogala said, adding that figures reflecting the market trends could not be ignored.
Source: Reuters (Reporting by Agnieszka Barteczko; Editing by Mark Potter)
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Wednesday, 02 September 20
INDONESIA COAL PRICE REFERENCE DIVES FURTHER IN SEPTEMBER DUE TO SUBDUED DEMAND & GLOBAL OVERSUPPLY
Subdued demand & global oversupply pushed down this month's HBA
COALspot.com: The Indonesia Coal Price Reference ...
Tuesday, 01 September 20
WHY INDIA CAN'T MATCH THE GULF REGION'S RECORD-LOW SOLAR TARIFFS - IEEFA
5-10% annual decline in tariffs estimated for the next decade
A number of countries in the Gulf region have set record-low prices for solar in ...
Tuesday, 01 September 20
COVID-19 PUSHES US LNG INTO A TIGHT SPOT - DREWRY
The pandemic-led weak projections for economic growth will derail US LNG exports in full-year 2020 with the country also losing ground in the long ...
Monday, 31 August 20
DEFECTIVE PASSAGE PLANNING: UNSEAWORTHINESS OR A NAVIGATIONAL DECISION? THE CMA CGM LIBRA QUESTION SAILS ON TO THE UK SUPREME COURT - GARD
KNOWLEDGE TO ELEVATE
The UK Supreme Court has granted leave to appeal the recent decision in Alize 1954 v Allianz Elementar Versicherungs AG ( ...
Sunday, 30 August 20
PANAMAX - THIS WEEK THE DEMAND HAS PICKED UP, BUT THE TONNAGE LIST IS INCREASING DAY BY DAY - FEARNLEYS
Cape Size
More or less flat from previous week, with cape rates moving from US$ 19,500 to 18,900 on average. West Australia however being more ...
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- Samtan Co., Ltd - South Korea
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- Eastern Energy - Thailand
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- Kepco SPC Power Corporation, Philippines
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- Semirara Mining and Power Corporation, Philippines
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- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
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- Manunggal Multi Energi - Indonesia
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- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
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- Meenaskhi Energy Private Limited - India
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- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
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- Barasentosa Lestari - Indonesia
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- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
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- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
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- Kideco Jaya Agung - Indonesia
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- Australian Commodity Traders Exchange
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- Essar Steel Hazira Ltd - India
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- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Parliament of New Zealand
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- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
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- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
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- Electricity Authority, New Zealand
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- Alfred C Toepfer International GmbH - Germany
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- Eastern Coal Council - USA
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- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
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- VISA Power Limited - India
- Mintek Dendrill Indonesia
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- Wilmar Investment Holdings
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- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Minerals Council of Australia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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