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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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Saturday, 16 October 21
DESPITE HIGHER COAL PRICES, U.S. COAL RECOVERY LOOKS WEAK BY MOST MEASURES - IEEFA
U.S. coal sector is locked into a long-term sectoral decline Coal prices have surged to the highest level in years in the U.S., and have soare ...


Saturday, 16 October 21
COAL IS 'KING' AS GAS PRICES SOAR, TOTAL CEO SAYS - AND IT’S BACKFIRING ON CLEANER ENERGY GOALS - CNBC
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Saturday, 16 October 21
VIETNAM'S COAL-FIRED POWER MAY DOUBLE BY 2030 UNDER DRAFT ENERGY PLAN - REUTERS
Vietnam may double the amount of coal-fired electric generation it installs by 2030 under a draft power development plan submitted to the prime min ...


Friday, 15 October 21
AUSTRALIA'S WHITEHAVEN EXPECTS TO BE DEBT-FREE NEXT YEAR AS COAL PRICES SOAR - REUTERS
Australia’s Whitehaven Coal WHC.AX said on Thursday it expects to be debt-free by early 2022, as thermal coal prices surge to record highs on ...


Friday, 15 October 21
WINTER CHILL KEEPS CHINA'S COAL PRICES HIGH, POWER CRUNCH STOKES INFLATION - REUTERS
China coal prices held near record highs on Thursday as cold weather swept into the country’s north and power plants stocked up on the fuel t ...


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