COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Thursday, 23 September 21
RECORD-HIGH GAS PRICES AFFECT MANY EUROPEAN CORPORATE SECTORS - FITCH RATINGS
Fitch RatingsRecord-high natural gas prices are putting pressure on supply chains of many European corporate sectors, including non-integrated energy suppliers, fertiliser producers and consumer goods companies, Fitch Ratings says. Smaller companies in these industries are under the most pressure, while larger and more diversified issuers rated by Fitch are better positioned to mitigate the impact. Gas prices could remain high until the end of the winter heating season, given low levels of natural gas in European storage facilities. However, we expect prices to moderate once seasonal demand reduces.
 
High gas prices and working capital fluctuations have already caused several non-integrated UK gas suppliers (not rated by Fitch) to ask for state support in fulfilling their supply obligations to customers.
 
The Spanish government has introduced a levy on low-carbon power producers to support smaller suppliers.
 
Supply is typically a small part of larger Fitch-rated integrated utilities in Europe, which are able to pass costs on to most customer groups, or hedge. Although we expect higher gas prices to increase regulatory risks, the rated utilities’ diversification by jurisdiction and business line, including electricity production and distribution networks, cushions the impact. The unfolding situation in the European gas market may further accelerate the energy transition in the utility sector towards renewables.
 
Fertiliser producers have been severely affected by rising gas prices. Gas is a key input in ammonia production, which is further used in urea and DAP production. Several ammonia plants in Europe have cut their output or have temporarily shut down operations. Larger Fitch-rated fertiliser producers with a global presence are able to continue production in other regions or source ammonia from third parties, limiting the impact. Producers may also seek to increase fertiliser prices to pass costs onto consumers.
 
Agriculture and food producers are affected by challenges in the fertiliser sector. Agribusinesses may face shortages in fertiliser supplies and increased prices, most likely increasing their costs in the next season’s harvest. However, meat processors and carbonated drinks manufacturers, particularly in the UK, already face disruptions due to CO2 shortages, which is a by-product of ammonia manufacturing and is used in meat and fizzy drinks production. Geographically diversified food and beverages producers are better positioned to mitigate such shortages.
 
The record-high prices in Europe are driven by increased demand (due to the wider economic recovery and weather-related factors), competition with Asia for LNG, and a limited supply response from Gazprom, Europe’s largest supplier, providing about a third of Europe’s gas. Prices have also risen due to market fears of a gas deficit during the winter heating season due to low European storage utilisation compared to previous years.
 
Utilisation at Gazprom-linked storage facilities (around 10% of European capacity) is particularly low, affecting average utilisation rates in Austria, Germany and the Netherlands. Furthermore, unlike September in recent years, Gazprom has not offered any meaningful volumes for delivery this or next year via its electronic sales platform (a sales channel for short-term gas deliveries, used in addition to sales under long-term contracts). Gazprom’s total exports should increase in 2021 but this is unlikely to be sufficient to re-balance the market. Starting the new Nord Stream 2 pipeline, which is facing difficulties in obtaining necessary approvals from regulators in Europe, may affect the availability of additional gas volumes.
 
We have recently increased our short-term gas price assumptions. However, we expect a normalisation of demand and potential additional supplies to result in a return to mid-cycle pricing from 2023.
Source: Fitch Ratings


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 06 October 21
EUROPEAN COAL FUTURES CLIMB TO 13-YEAR PEAK - REUTERS
European coal futures rose to a 13-year high and physical thermal coal prices were at record highs as rallying gas prices and strong Asian demand f ...


Tuesday, 05 October 21
CAPESIZE MARKET WAS IN A STEEP CLIMB FOR MOST OF THIS WEEK - BALTIC EXCHANGE
Capesize The Capesize market was in a steep climb for most of this week as it reached a pinnacle of $74,786 Wednesday before stalling, regather ...


Wednesday, 29 September 21
THE WRITING IS ON THE WALL: AUSTRALIA’S COAL ERA IS OVER - YAHOO!FINANCE
As the fringe of Australian politics strives to pump up the coal industry, facts show that coal production has started its long run decline. &n ...


Wednesday, 29 September 21
SURGING COAL PRICES SPLIT ASIAN BUYERS INTO RICH AND POOR - REUTERS
As seaborne coal in Asia trades at, or near, record highs, there are early signs of demand destruction, especially among price-sensitive buyers suc ...


Wednesday, 29 September 21
MARKET INSIGHT - INTERMODAL
Tanker Asset values have surprised to the upside, despite the downward pressure on the freight market. Tanker rates have been hovering close to the ...


   93 94 95 96 97   
Showing 471 to 475 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • PetroVietnam Power Coal Import and Supply Company
  • Maruti Cements - India
  • TANGEDCO India
  • Reliance Power - India
  • Maersk Broker
  • Asian Development Bank
  • Larsen & Toubro Limited - India
  • GN Power Mariveles Coal Plant, Philippines
  • Iligan Light & Power Inc, Philippines
  • The State Trading Corporation of India Ltd
  • Bayan Resources Tbk. - Indonesia
  • Freeport Indonesia
  • Surastha Cement
  • Borneo Indobara - Indonesia
  • PLN - Indonesia
  • Intertek Mineral Services - Indonesia
  • Thiess Contractors Indonesia
  • Videocon Industries ltd - India
  • Siam City Cement PLC, Thailand
  • Chamber of Mines of South Africa
  • KPMG - USA
  • Bukit Baiduri Energy - Indonesia
  • Parry Sugars Refinery, India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • ASAPP Information Group - India
  • Agrawal Coal Company - India
  • Global Green Power PLC Corporation, Philippines
  • Berau Coal - Indonesia
  • Attock Cement Pakistan Limited
  • Savvy Resources Ltd - HongKong
  • London Commodity Brokers - England
  • Billiton Holdings Pty Ltd - Australia
  • Ambuja Cements Ltd - India
  • Malco - India
  • ETA - Dubai
  • Global Business Power Corporation, Philippines
  • Bangladesh Power Developement Board
  • Africa Commodities Group - South Africa
  • CIMB Investment Bank - Malaysia
  • Mitsui
  • Timah Investasi Mineral - Indoneisa
  • NTPC Limited - India
  • Indorama - Singapore
  • Credit Suisse - India
  • Gresik Semen - Indonesia
  • South Luzon Thermal Energy Corporation
  • Australian Commodity Traders Exchange
  • Tanito Harum - Indonesia
  • Vedanta Resources Plc - India
  • Merrill Lynch Bank
  • Krishnapatnam Port Company Ltd. - India
  • Central Java Power - Indonesia
  • Britmindo - Indonesia
  • BNP Paribas - Singapore
  • WorleyParsons
  • Shree Cement - India
  • GHCL Limited - India
  • bp singapore
  • World Coal - UK
  • Maybank - Singapore
  • Bhoruka Overseas - Indonesia
  • U S Energy Resources
  • McConnell Dowell - Australia
  • Interocean Group of Companies - India
  • Bukit Makmur.PT - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Semirara Mining and Power Corporation, Philippines
  • Japan Coal Energy Center
  • Vale Mozambique
  • Inco-Indonesia
  • McKinsey & Co - India
  • Barclays Capital - USA
  • SN Aboitiz Power Inc, Philippines
  • Sarangani Energy Corporation, Philippines
  • Siam City Cement - Thailand
  • The University of Queensland
  • Sinarmas Energy and Mining - Indonesia
  • Uttam Galva Steels Limited - India
  • Romanian Commodities Exchange
  • Thai Mozambique Logistica
  • MS Steel International - UAE
  • Planning Commission, India
  • Idemitsu - Japan
  • Port Waratah Coal Services - Australia
  • Thomson Reuters GRC
  • India Bulls Power Limited - India
  • New Zealand Coal & Carbon
  • Meralco Power Generation, Philippines
  • Price Waterhouse Coopers - Russia
  • Kumho Petrochemical, South Korea
  • Manunggal Multi Energi - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Grasim Industreis Ltd - India
  • Sakthi Sugars Limited - India
  • Singapore Mercantile Exchange
  • Coalindo Energy - Indonesia
  • EIA - United States
  • ANZ Bank - Australia
  • HSBC - Hong Kong
  • TNPL - India
  • JPMorgan - India
  • Posco Energy - South Korea
  • Coeclerici Indonesia
  • Ind-Barath Power Infra Limited - India
  • UOB Asia (HK) Ltd
  • Latin American Coal - Colombia
  • Alfred C Toepfer International GmbH - Germany
  • Oldendorff Carriers - Singapore
  • SRK Consulting
  • Holcim Trading Pte Ltd - Singapore
  • Gujarat Electricity Regulatory Commission - India
  • Mjunction Services Limited - India
  • Medco Energi Mining Internasional
  • Essar Steel Hazira Ltd - India
  • Cigading International Bulk Terminal - Indonesia
  • PLN Batubara - Indonesia
  • Cebu Energy, Philippines
  • IEA Clean Coal Centre - UK
  • Tamil Nadu electricity Board
  • Ministry of Mines - Canada
  • Maharashtra Electricity Regulatory Commission - India
  • Directorate Of Revenue Intelligence - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Panama Canal Authority
  • Renaissance Capital - South Africa
  • Standard Chartered Bank - UAE
  • Mechel - Russia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • The Treasury - Australian Government
  • Coaltrans Conferences
  • LBH Netherlands Bv - Netherlands
  • Dalmia Cement Bharat India
  • Kapuas Tunggal Persada - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • KEPCO - South Korea
  • Bharathi Cement Corporation - India
  • Merrill Lynch Commodities Europe
  • Coal Orbis AG
  • World Bank
  • Vitol - Bahrain
  • Thriveni
  • CESC Limited - India
  • KPCL - India
  • Jatenergy - Australia
  • Jindal Steel & Power Ltd - India
  • Indian School of Mines
  • GB Group - China
  • IHS Mccloskey Coal Group - USA
  • Inspectorate - India
  • Cargill India Pvt Ltd
  • Jaiprakash Power Ventures ltd
  • Sojitz Corporation - Japan
  • Asia Cement - Taiwan
  • Coal and Oil Company - UAE
  • Marubeni Corporation - India
  • Indian Oil Corporation Limited
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Electricity Generating Authority of Thailand
  • Infraline Energy - India
  • Kobe Steel Ltd - Japan
  • Indogreen Group - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Eastern Coal Council - USA
  • Bahari Cakrawala Sebuku - Indonesia
  • Samsung - South Korea
  • NALCO India
  • Adaro Indonesia
  • Australian Coal Association
  • Moodys - Singapore
  • Cemex - Philippines
  • Miang Besar Coal Terminal - Indonesia
  • Gujarat Sidhee Cement - India
  • Altura Mining Limited, Indonesia
  • Tata Chemicals Ltd - India
  • IMC Shipping - Singapore
  • Mercuria Energy - Indonesia
  • Bank of China, Malaysia
  • Humpuss - Indonesia
  • Simpson Spence & Young - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Aditya Birla Group - India
  • Coal India Limited
  • Platts
  • JPower - Japan
  • CCIC - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Global Coal Blending Company Limited - Australia
  • Ceylon Electricity Board - Sri Lanka
  • Carbofer General Trading SA - India
  • Sindya Power Generating Company Private Ltd
  • TNB Fuel Sdn Bhd - Malaysia
  • IOL Indonesia
  • Madhucon Powers Ltd - India
  • Wood Mackenzie - Singapore
  • Edison Trading Spa - Italy
  • Star Paper Mills Limited - India
  • Shenhua Group - China
  • Heidelberg Cement - Germany
  • Deutsche Bank - India
  • PTC India Limited - India
  • Meenaskhi Energy Private Limited - India
  • TRAFIGURA, South Korea
  • J M Baxi & Co - India
  • Petrosea - Indonesia
  • RBS Sempra - UK
  • Lanco Infratech Ltd - India
  • Indian Energy Exchange, India
  • Indika Energy - Indonesia
  • ING Bank NV - Singapore
  • Eastern Energy - Thailand
  • Sucofindo - Indonesia
  • SMG Consultants - Indonesia
  • Noble Europe Ltd - UK
  • Makarim & Taira - Indonesia
  • Thermax Limited - India
  • Indonesia Power. PT
  • Coastal Gujarat Power Limited - India
  • Cosco
  • UBS Singapore
  • Cement Manufacturers Association - India
  • Aboitiz Power Corporation - Philippines
  • San Jose City I Power Corp, Philippines
  • Arutmin Indonesia
  • Lafarge - France
  • Kideco Jaya Agung - Indonesia
  • Mitra SK Pvt Ltd - India
  • Xindia Steels Limited - India
  • IBC Asia (S) Pte Ltd
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • ICICI Bank Limited - India
  • Kartika Selabumi Mining - Indonesia
  • Samtan Co., Ltd - South Korea
  • Sical Logistics Limited - India
  • Straits Asia Resources Limited - Singapore
  • GNFC Limited - India
  • CoalTek, United States
  • Peabody Energy - USA
  • Clarksons - UK
  • AsiaOL BioFuels Corp., Philippines
  • BRS Brokers - Singapore
  • Petrochimia International Co. Ltd.- Taiwan
  • European Bulk Services B.V. - Netherlands
  • Bhatia International Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • PNOC Exploration Corporation - Philippines
  • Baramulti Group, Indonesia
  • Minerals Council of Australia
  • Runge Indonesia
  • Barasentosa Lestari - Indonesia
  • Vizag Seaport Private Limited - India
  • Mercator Lines Limited - India
  • GAC Shipping (India) Pvt Ltd
  • TeaM Sual Corporation - Philippines
  • Core Mineral Indonesia
  • Kaltim Prima Coal - Indonesia
  • Commonwealth Bank - Australia
  • Maheswari Brothers Coal Limited - India
  • Energy Development Corp, Philippines
  • ACC Limited - India
  • Cardiff University - UK
  • Kobexindo Tractors - Indoneisa
  • OPG Power Generation Pvt Ltd - India
  • APGENCO India
  • Bulk Trading Sa - Switzerland
  • Sree Jayajothi Cements Limited - India
  • SASOL - South Africa
  • Xstrata Coal
  • VISA Power Limited - India
  • GVK Power & Infra Limited - India
  • Mintek Dendrill Indonesia
  • Argus Media - Singapore
  • Orica Australia Pty. Ltd.
  • Malabar Cements Ltd - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Deloitte Consulting - India
  • Riau Bara Harum - Indonesia
  • DBS Bank - Singapore
  • Karaikal Port Pvt Ltd - India
  • Asmin Koalindo Tuhup - Indonesia
  • Ministry of Transport, Egypt
  • Pipit Mutiara Jaya. PT, Indonesia
  • Therma Luzon, Inc, Philippines
  • Central Electricity Authority - India
  • GMR Energy Limited - India
  • Parliament of New Zealand
  • Karbindo Abesyapradhi - Indoneisa
  • Indonesian Coal Mining Association
  • Petron Corporation, Philippines
  • Bank of America
  • Georgia Ports Authority, United States
  • Platou - Singapore
  • globalCOAL - UK
  • Banpu Public Company Limited - Thailand
  • EMO - The Netherlands
  • Formosa Plastics Group - Taiwan
  • Tata Power - India
  • Qatrana Cement - Jordan
  • Jorong Barutama Greston.PT - Indonesia
  • Rio Tinto Coal - Australia
  • Rudhra Energy - India
  • Independent Power Producers Association of India
  • Goldman Sachs - Singapore
  • Geoservices-GeoAssay Lab
  • Pinang Coal Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Gupta Coal India Ltd
  • Total Coal South Africa
  • Binh Thuan Hamico - Vietnam
  • Leighton Contractors Pty Ltd - Australia
  • Gujarat Mineral Development Corp Ltd - India
  • Power Finance Corporation Ltd., India
  • Mitsubishi Corporation
  • Energy Link Ltd, New Zealand
  • CNBM International Corporation - China
  • Trasteel International SA, Italy
  • Anglo American - United Kingdom
  • SGS (Thailand) Limited
  • PetroVietnam
  • International Coal Ventures Pvt Ltd - India
  • Electricity Authority, New Zealand
  • Salva Resources Pvt Ltd - India
  • White Energy Company Limited
  • Permata Bank - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Enel Italy
  • Neyveli Lignite Corporation Ltd, - India
  • PowerSource Philippines DevCo
  • Fearnleys - India
  • Russian Coal LLC
  • Ince & co LLP
  • Wilmar Investment Holdings
  • Kepco SPC Power Corporation, Philippines
  • TGV SRAAC LIMITED, India
  • OCBC - Singapore
  • Arch Coal - USA
  • Antam Resourcindo - Indonesia
  • Bhushan Steel Limited - India
  • Glencore India Pvt. Ltd
  • Thailand Anthracite
  • SMC Global Power, Philippines
  • Adani Power Ltd - India
  • The India Cements Ltd
  • Orica Mining Services - Indonesia
  • Metalloyd Limited - United Kingdom
  • Semirara Mining Corp, Philippines
  • Ministry of Finance - Indonesia
  • Economic Council, Georgia
  • SUEK AG - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • MEC Coal - Indonesia
  • KOWEPO - South Korea
  • Bangkok Bank PCL
  • Ernst & Young Pvt. Ltd.