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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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Monday, 21 December 20
A REBOUND IN GLOBAL COAL DEMAND IN 2021 IS SET TO BE SHORT-LIVED, BUT NO IMMEDIATE DECLINE IN SIGHT - IEA
After a major drop in recent years, global coal demand is forecast to rise by 2.6% in 2021 before flattening out to 2025
A global ec ...
Friday, 18 December 20
AUSTRALIA PM WARNS OF ‘LOSE-LOSE’ IN ANY CHINA COAL SHIFT - REUTERS
Australian Prime Minister Scott Morrison said any shift by China away from importing high quality Australian coal would be a “lose-lose&rdquo ...
Friday, 18 December 20
BIG OIL AND COAL EXPORTERS FACE RECKONING AS PARIS AGREEMENT TURNS FIVE - CNA
On Dec 12, more than 70 global leaders came together at the UN’s Climate Ambition Summit, marking the fifth anniversary of the Paris Agreemen ...
Friday, 18 December 20
SOUTH AFRICAN COAL EXPORTERS LARGELY DEPENDENT ON THE ASIAN MARKETS - BANCHERO COSTA
South Africa is the fourth largest exporter of coal in the world, after Australia, Indonesia and Russia. In calendar 2019 the country exported a to ...
Thursday, 17 December 20
CHINA'S BAN IS LESS OF A THREAT TO AUSTRALIA'S COAL INDUSTRY THAN INTERNATIONAL CLIMATE AMBITION - IEEFA
Australian coal exporters will survive this near-term political fight but there are longterm structural headwinds
The decision by Ch ...
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- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Minerals Council of Australia
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- PTC India Limited - India
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
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