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Friday, 29 July 22
GLOBAL COAL DEMAND IS SET TO RETURN TO ITS ALL-TIME HIGH IN 2022 - IEA
 The world’s consumption of coal is set to rise slightly in 2022, taking it back to the record level it reached nearly a decade ago, according to an IEA report published today, which notes that significant uncertainty hangs over the outlook for coal as a result of slowing economic growth and energy market turbulence.
Based on current economic and market trends, global coal consumption is forecast to rise by 0.7% in 2022 to 8 billion tonnes, assuming the Chinese economy recovers as expected in the second half of the year, the IEA’s July 2022 Coal Market Update says. This global total would match the annual record set in 2013, and coal demand is likely to increase further next year to a new all-time high.
The new report highlights the significant turmoil in coal markets in recent months, which has important implications for many countries where coal remains a key fuel for electricity generation and a range of industrial processes. At the same time, the world’s continued burning of large amounts of coal is heightening climate concerns, as coal is the largest single source of energy-related CO2 emissions.
Worldwide coal consumption rebounded by about 6% in 2021 as the global economy recovered rapidly from the initial shock of the Covid pandemic. That sharp rise contributed significantly to the largest ever annual increase in global energy-related CO2 emissions in absolute terms, putting them at their highest level in history.
Global coal demand is being propped up this year by rising natural gas prices, which have intensified gas-to-coal switching in many countries, as well as economic growth in India. Those factors are being partly offset by slowing economic growth in China and by the inability of some major coal producers to ramp up production.
Demand for coal in India has been strong since the start of 2022 and is expected to rise by 7% for the full year as the country’s economy grows and the use of electricity expands. In China, coal demand is estimated to have declined by 3% in the first half of 2022 as renewed Covid lockdowns in some cities slowed economic growth, but an expected increase in the second half of the year is likely to bring coal consumption for the full year back to the same levels as last year. China and India together consume double the amount of coal as the rest of the world combined, with China alone accounting for more than half the world’s demand.
Coal consumption in the European Union is expected to rise by 7% in 2022 on top of last year’s 14% jump. This is being driven by demand from the electricity sector where coal is increasingly being used to replace gas, which is in short supply and has experienced huge price spikes following Russia’s invasion of Ukraine. Several EU countries are extending the life of coal plants scheduled for closure, reopening closed plants or raising caps on their operating hours to reduce gas consumption. However, Europe only accounts for about 5% of global coal consumption.
As soaring natural gas prices have made coal more competitive in many markets, international coal prices have risen in turn, hitting three all-time peaks between October 2021 and May 2022. Sanctions and bans on Russian coal following Russia’s invasion of Ukraine have disrupted markets, and issues in other major exporters have contributed to supply shortages. With other coal producers facing constraints in replacing Russian output, prices on coal futures markets indicate that tight market conditions are expected to continue well into next year and beyond.
Source: IEA
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Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
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Showing 46 to 50 news of total 6871 |
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- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- The University of Queensland
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Australian Coal Association
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- White Energy Company Limited
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
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