We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 27 May 21
CHINA POWER DEMAND EXCEEDS PRE-COVID-19 LEVELS; THERMAL OUTPUT STRONG - FITCH RATINGS
Rising Consumption: Total power consumption rose by 21.2% yoy to 1,921.9GWh in 1Q21 due to the fast recovery of China’s economy, after a drop ...
Thursday, 27 May 21
CHINA'S POWER DEMAND EXCEEDS PRE-PANDEMIC LEVELS; RENEWABLES TO DRIVE DEVELOPMENT - FITCH RATINGS
China's power consumption exceeded the pre-Covid-19 levels in 1Q21 due to the country's fast economic recovery, with strong output from the ...
Wednesday, 26 May 21
THE INDONESIA COAL PRICE REFERENCE FOR MAY 2021 SETTLES AT US$ 89.74 PER TON
COALspot.com: The Indonesia coal price reference for May 2021 settles at US$ 89.74 per ton FOB vessel.
The Indonesia coal pric ...
Wednesday, 26 May 21
MARKET INSIGHT - INTERMODAL
Last year crude tankers’ newbuilding contracting activity was devastated by the economic effects of the Covid-19 pandemic and the cloud of un ...
Wednesday, 26 May 21
NEW POWER AND ENERGY MASTER PLAN MUST BE DESIGNED IN BANGLADESH'S BEST INTERESTS, NOT JAPAN'S - IEEFA
JICA must deliver a low or zero emissions plan as promised, not fund Matarbari 2 coal plant
Clear understandings from the Bangladesh ...
|
|
|
Showing 571 to 575 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- The University of Queensland
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
|
| |
| |
|
