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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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Thursday, 25 March 21
'OMNIBUS LAW' REGULATION ON INDONESIA’S ENERGY AND MINING SECTORS TO BOOST COAL PROCESSING BUT ALSO RAISES QUESTIONS - ABNR
February 2021 saw the issuance of a raft of new government regulations to give effect to the reformist Job Creation Law (colloquially known as the ...
Thursday, 25 March 21
PROPOSED SWITCH FROM COAL TO LNG THREATENS RENEWABLE ENERGY DEVELOPMENT IN ASIA - IEEFA
Renewables offer an ever cheaper, financially sustainable and energy secure alternative, better able to support developing nations
A ...
Thursday, 25 March 21
MAJOR INVESTMENT ADVISORS BLACKROCK AND MEKETA PROVIDE A FIDUCIARY PATH THROUGH THE ENERGY TRANSITION - IEEFA
BlackRock and Meketa say divestment from fossil fuels improves, not weakens, investment returns
Two major financial management firms ...
Thursday, 25 March 21
EUROPE PASSES MILESTONE WITH HALF OF COAL PLANTS CLOSED OR SET TO RETIRE BY 2030 - EURACTIV
Half of Europe’s 324 coal-fueled power plants have either closed or announced a retirement date before 2030, it emerged on Monday (22 March) ...
Wednesday, 24 March 21
MARKET INSIGHT - INTERMODAL
Since the start of the pandemic, the shipping industry has efficiently responded to ensure the continuity of operations and hence the security of s ...
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- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- PTC India Limited - India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
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