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Friday, 22 October 21
HARD COAL REMAINS AN IMPORTANT FACTOR FOR SECURITY OF SUPPLY - COAL IMPORTERS ASSOCIATION, GERMANY
 - Hard coal remains an important factor for security of supply
- Increase of around 35% in hard-coal-fired power generation in the first three quarters of 2021
- Availability not a problem; hard coal will continue to secure energy transition
- China dominates demand on world market, Russian exports stutter, South Africa steps in
Press Release: The course of 2021 illustrates very clearly that security of supply is and will remain one of the most important issues in the German energy transition.
The expansion of supply-dependent renewable energy, wind and solar, is the heart of energy policy. A further increase in the share of renewable energies increases the need to reserve available capacity. This is because adequate, controllable and secured power must be available in the event of dark periods. And in phases of prolonged dark lulls, the high demand in Germany cannot be met either by importing electricity from neighboring countries or by incentivizing flexibility on the electricity demand side. Hard coal can and will be a reliable partner for security of supply in Germany during its allotted remaining lifetime - not only for electricity, but also for district heating in a transitional period.
In order to enable the transformation to a sustainable and secure energy supply and to offer the companies and their employees prospects for the future, energy policy decisions are needed quickly which also affect the market design.
The high demand for electricity due to the recovery of German industrial production after the pandemic-related economic slump in 2020 and the low availability of wind power have significantly reduced the share of renewables in electricity generation. Hard coal has filled much of this gap and made an important and reliable contribution to power generation. In the first three quarters of 2021, the amount of electricity generated from hard coal increased by around 35% to almost 37 TWh. With 8.6%, hard coal made a significant contribution to security of supply, impressively underlining its important role in securing the energy transition. For the calendar year 2021, the VDKi expects hard coal imports to Germany to reach a level of 38-39 million t, which is likely to be around 6 - 7 million above the previous year.
On the world market for steam coal, China continues to be the dominant factor on the demand side. In the run-up to the celebrations to mark the 100th Party anniversary, the country's own coal production capacities were scaled down for health and safety reasons. Following the Covid-comeback of the Chinese economy, this capacity is now missing, but is being structurally rebuilt. The post-pandemic restart is also causing problems for Russian coal exports, with rail logistics currently lagging badly behind requirements. The Russian gap is being filled for Europe by coal from South Africa, which currently is increasingly entering the ARA (Amsterdam/Rotterdam/Antwerp) markets after a long absence.
Despite the sharp rise in global demand for hard coal, the German market was reliably served. The highly fluctuating demand situation posed an enormous challenge for inland logistics.
The sharp rise in the price of coal since the beginning of the year, currently forward price of 230 USD/t for October and 170 USD/t for November, has not led to a cooling of demand for coal. As the price of natural gas, a competitive energy, has risen much more sharply than coal, the use of hard coal is economically attractive despite high CO2 prices. As a result of this highly volatile market situation, caused by the development of gas prices, the exchange prices for electricity have also risen significantly.
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Tuesday, 26 October 21
CHINA'S COAL-RICH SHANXI BEEFS UP COAL PRODUCTION - XINHUA
Major coal producers in north China’s Shanxi Province, a leading coal-producing region of the country, have beefed up production to ensure en ...
Tuesday, 26 October 21
ENERGY CRISIS SHOWS COAL IS AN EXPENSIVE AND UNRELIABLE SOURCE OF ELECTRICITY GENERATION - IEEFA
Any knee-jerk reaction that urges more investment in coal completely misses the point
India is teetering on the brink of joining a growing glo ...
Tuesday, 26 October 21
CHINA TO INVESTIGATE ENERGY INDEX PROVIDERS IN BID TO TAME COAL PRICES - REUTERS
China said on Monday it will investigate energy price index providers as it urged coal industry participants to “strictly” meet contrac ...
Tuesday, 26 October 21
THERE IS PLENTY OF COAL AND GAS IN THE WORLD BUT A VOLATILE MARKET IS NOBODY'S FRIEND - IEEFA
Gas will be winding its way out of the energy system
Gas prices are continuing to surge around the world. The cost of gas is at unpr ...
Tuesday, 26 October 21
AUSTRALIA EXPORTED 51.6 MLN TONNES OF COAL TO INDIA IN FIRST 10 MONTHS, 19% OF ALL AUSTRALIAN COAL EXPORTS; CHINA WAS THE DESTINATION FOR JUST 0.7% - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade. In 2021 things started pretty badly, but we are seeing increasing signs of ...
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- Indian Energy Exchange, India
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- Ministry of Finance - Indonesia
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- Economic Council, Georgia
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- India Bulls Power Limited - India
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- The State Trading Corporation of India Ltd
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- Alfred C Toepfer International GmbH - Germany
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- New Zealand Coal & Carbon
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- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
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- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Minerals Council of Australia
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- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
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- Power Finance Corporation Ltd., India
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- Romanian Commodities Exchange
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- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
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- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
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- PetroVietnam Power Coal Import and Supply Company
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- Ministry of Transport, Egypt
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- Global Coal Blending Company Limited - Australia
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- Globalindo Alam Lestari - Indonesia
- The University of Queensland
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- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
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- Standard Chartered Bank - UAE
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- Metalloyd Limited - United Kingdom
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- Indonesian Coal Mining Association
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- Coal and Oil Company - UAE
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- White Energy Company Limited
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- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
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- The Treasury - Australian Government
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- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
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- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
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- Planning Commission, India
- Samtan Co., Ltd - South Korea
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- Wilmar Investment Holdings
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- Bharathi Cement Corporation - India
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- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
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