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Saturday, 23 July 22
STABILITY OF RUSSIAN GAS FLOWS REMAIN UNCERTAIN, DESPITE THE REOPENING OF NORD STREAM - WOOD MACKENZIE
 Gazprom confirmed today that regular annual maintenance of Nord Stream is officially over and gas flows restarted at 63 million cubic metres per day (mcm/d) – 40% of the pipeline’s overall capacity. The European gas market has reacted, with prices down by 5%; but the stability of Russian gas flows is by no means a given, according to analysts at Wood Mackenzie.
Penny Leake, Research Analyst for Europe Gas and LNG at Wood Mackenzie, said: “Further disruptions are expected as Russia seeks to increase political and economic pressure on Europe as winter approaches.”
“It remains unclear what Russia will do. There is a risk that Nord Stream flows will reduce below the 40% capacity seen before the maintenance,” Leake added.
This way, Russia will continue receiving revenues from gas exports, disincentivising the much-needed early gas rationing recommended across Europe, thus exposing countries across the continent to more pressure this winter.
Wood Mackenzie has defined two scenarios for what may come for Russian gas flows and their impact on Europe in the coming months.
Scenario 1: Nord Stream flows remain at 40% of capacity
If Nord Stream flows remain at 40% of capacity and imports through other routes remain at the levels seen since 17 June (before Nord Stream maintenance), Europe will be able to refill storage to more than 80% by 1 November 2022.
Leake said: “Gas demand is expected to be 12% lower than previous winters, due to high prices and demand mitigation measures, including the re-introduction of old coal plants, and Wood Mackenzie anticipates Europe will be able to get through the heating season with a comfortable level of storage under normal weather conditions.”
A cold winter in both Europe and Asia could however result in up to 20 billion cubic metres (bcm) of additional demand (7% of total) and reduce availability of LNG for Europe. This could bring storage levels down to approximately 10 bcm by the end of March 2023 – the minimum level Wood Mackenzie analysis indicates is required to ensure appropriate functioning of storage facilities.
“As a result, some limited demand curtailment may be required to manage peak demand episodes, unless additional supply is secured,” Leake added.
Scenario 2: Nord Stream flows reduce to zero, but Russian flows through other routes continue
If Nord Stream flows reduce to zero by August this year, Europe will only be able to refill its storage to 70-75% by the start of winter, and could finish the heating season with only approx. 10 bcm of gas in storage, risking some demand curtailments.
However, if winter is unusually cold in Europe and Asia, there is a risk gas in storage could run out by the end of February 2023, according to Wood Mackenzie’s analysis. With Europe risking as much as 20 bcm of demand curtailments – the equivalent of 7% of total gas demand or 30-35% of all industrial demand in winter.
Leake said: “Under these conditions, the only material upside that could limit demand curtailments would be bringing back production at Groningen – which brings with it political challenges.”
In all scenarios, the impact will differ by countries. The ones most dependent on Russian gas, such as Germany, Austria, and Central and Eastern Europe, will be most exposed.
“One thing is clear – volatility and uncertainty will persist, meaning that demand and solidarity measures across Europe are required now so we can avoid leaving European gas balance to chance,” Leake concluded.
Source: Wood Mackenzie
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Thursday, 10 June 21
U.S. COAL PRODUCTION TO TOTAL 600 MMST IN 2021, 11% MORE THAN IN 2020 - EIA
EIA expects U.S. coal production to total 600 million short tons (MMst) in 2021, which is 61 MMst (11%) more than in 2020.
The increase is dri ...
Wednesday, 09 June 21
SHIPTEK INTERNATIONAL CONFERENCE & AWARDS 2021
The In-Person Maritime Event
SHIPTEK INTERNATIONAL CONFERENCE & AWARDS 2021
culminates successfully in Dubai
Press Release: ...
Wednesday, 09 June 21
MARKET INSIGHT - INTERMODAL
“Counter cyclical investments.” usually take place by investing in a “bad” market at the point that ensures that the acquir ...
Saturday, 05 June 21
KOMIPO INVITED 5600 NAR COAL OFFERS FOR THREE YEARS SUPPLY; 520,000 MT PER YEAR
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) has issued an international tender for total 1,560,000 MT of Bituminous Coal to be used a ...
Saturday, 05 June 21
IT'S TIME FOR THE BIDEN ADMINISTRATION TO CHAMPION RENEWABLE ENERGY IN THE PHILIPPINES, NOT NUCLEAR OR FOSSIL GAS - IEEFA
Fossil gas and nuclear investments risk locking in costly, outdated infrastructure for the long-term
The United States has spent the ...
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- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- The University of Queensland
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
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