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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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Tuesday, 14 November 17
COAL STOCKS RUN SHORT, CENTRE TO GET DAILY UPDATE ON STOCKS - DECCAN CHRONICLE
Facing a shortage of coal for thermal power generation in the country, the Central Electricity Authority (CEA) has issued guidelines for maintainin ...
Tuesday, 14 November 17
IN 2018, WORLD OIL DEMAND IS FORESEEN REACHING 1.51 MB/D - OPEC
Oil Market Highlights - OPEC
The OPEC Reference Basket averaged $55.50/b in October, gaining $2.06 over the previous month and reaching the hi ...
Monday, 13 November 17
THERMAL COAL PRICES WERE RELATIVELY UNCHANGED - DANIEL HYNES
Coal prices were broadly higher, driven by strong gains in the metallurgical coal market said Daniel Hynes, Senior Commodity Strategist at ANZ in h ...
Monday, 13 November 17
THIESS AWARDED $300M SANGATTA EXPANSION CONTRACT
Thiess has been awarded a $300 million contract by Kaltim Prima Coal (KPC) to expand operations at Sangatta coal mine in East Kalimantan, Indonesia ...
Friday, 10 November 17
U.S. COAL OUTPUT FOR THE FIRST 10 MONTHS OF 2017 IS ESTIMATED AT AROUND 656 MMST; UP10% YOY - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15 million short tons ...
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Showing 1881 to 1885 news of total 6871 |
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- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- The University of Queensland
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Planning Commission, India
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
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