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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 unprecedented levels and global markets are buckling under the strain. Many countries are heavily reliant on imports of gas and high spot prices are making supplies unaffordable.
There is plenty of coal and gas in the world but current market volatility is crimping demand.
Gas prices haven’t gone up a little bit – they have multiplied. The increased volatility in gas prices globally is a feature that’s going to stay. There are going to be some extremely high prices and also some extremely low prices. That’s because we’re going through a total energy disruption at the moment, and with that, we’re seeing climate change responses.
Countries such as Japan have said that by 2030, they’re going to more than halve their use of LNG in their power sector. That means they will be putting supply effectively back into the market because they won’t be taking all their contracted gas.
On the other hand, there is enormous supply coming out of Qatar. It is looking to increase its LNG production by 64% by 2027. That’s a massive amount of LNG that will be coming onto the market looking for a home.
In January 2021, an IEEFA report noted that due to what was happening in the U.S., we were likely to see much higher prices this year, with prices forecast to double or even triple. That has come to pass. In the coming years we are likely to see increased volatility in prices as supply and demand struggle to find a balance.
Australia’s major clients are now looking at gas as a fuel exiting the energy system. Over time, we’re going to see them wind their way out of LNG. LNG will still form a niche fuel in terms of the need for it in manufacturing. However, gas will definitely go out of household usage in the short term and will be used less for electricity generation.
Australia has to look forward at energy sources of the future, not look backwards at energy sources of the past. Unfortunately, the country has chosen to look backwards and put all of its eggs in the ‘gas-fired recovery’ at the very time its customers are saying they don’t want the product.
This extract is from an interview IEEFA’s Bruce Robertson did with ABC’s Linda Mottram.
Source: IEEFA
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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 ...
Tuesday, 28 September 21
THE MAIDEN EDITION OF DIVE TECHNOLOGY SUMMIT 2021 CONCLUDES SUCCESSFULLY
Press Release: DIVE TECHNOLOGY SUMMIT 2021, a one-day conference on the recent technological advancements in the Industrial Diving industry conclud ...
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- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- The University of Queensland
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- London Commodity Brokers - England
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
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