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Monday, 11 October 21
COAL ABANDONMENT IN POWER GENERATION PROMOTED GAS DEMAND GROWTH IN EUROPE - TOP MANAGER: TASS
Accelerated abandonment of coal in power generation and the overall recovery of economic activity facilitated gas demand growth in Europe and led to the price rally, CEO of Gazprom Export Elena Burmistrova said on Thursday.
 
“Gas demand growth was promoted not merely by the overall recovery of the economic situation and power consumption but also to accelerated abandonment of coal in power generation, supported by emission quotas becoming more expensive, and by decline in generation at wind and hydropower facilities,” she said.
 
The shortage caused by redirection of LNG supplies to Asian markets at higher prices also contributed to the gas price spike in Europe, Burmistrova said. “Significant volumes of LNG departed to more attractive Asian markets, where gas lately has been much more expensive than in Europe owing to the ‘Asian premium.’ The thesis that Russian pipeline gas merely increases dependence on a single supplier, unlike more flexible LNG, was promoted in Europe for many years in succession. However, market realities evidence at present that the ‘flexible’ gas voted for the dollar and left to premium markets, actually leaving Europe alone to face its current problems,” the top manager added.
Source: TASS


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Monday, 01 November 21
COAL PRICES HAVE FURTHER ROOM TO DROP: TOP ECONOMIC PLANNER - GLOBAL TIMES
China’s top economic planner said coal prices have further room to drop on Friday, as the most traded coal futures dropped to below 1,000 yua ...


Saturday, 30 October 21
CHINA'S COAL PRICES SEE BIGGEST WEEKLY FALL IN MORE THAN 5 YEARS - REUTERS
China’s coal futures prices saw their biggest fall in more than five years after the powerful state planner said there is still room to adjus ...


Saturday, 30 October 21
G-20 LEADERS PREPARE STATEMENT TO STOP FUNDING FOREIGN COAL PLANTS - BLOOMBERG
Leaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climat ...


Friday, 29 October 21
APAC THERMAL COAL SUPPLY TO REMAIN TIGHT AS WINTER LOOMS - FITCH RATINGS
APAC thermal coal prices have surged, hitting historically high levels. The benchmark Newcastle 6,000kcal/kg grade coal reached USD228/tonne in mid ...


Thursday, 28 October 21
CANADA BAN ON SHIPPING COAL WOULD EQUAL SCRAPPING AS MANY AS 3 MILLION CARS - IEEFA
Canada ban on shipping coal would equal scrapping as many as 3 million cars   Change in Canadian policy could have major implications ...


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