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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, 05 November 20
THE INDONESIA COAL PRICE REFERENCE RISES FOR SECOND CONSECUTIVE MONTH
COALspot.com: The Indonesia Coal Price Reference rose for a 2nd month by 9.24% month on month. The Indonesia Coal Price Reference for the month of ...
Wednesday, 04 November 20
PHILIPPINES COAL MORATORIUM HIGHLIGHTS DRAMATIC PIVOT TO RENEWABLE ENERGY INVESTMENT FOR LOWER PRICES AND POWER SYSTEM RESILIENCE - IEEFA
Policymakers and industry leaders ready to embrace new energy technologies
The Department of Energy’s call for a moratorium on ...
Wednesday, 04 November 20
FOREIGN INVESTORS FACE TOUGH TIMES CLOSING VIETNAM’S REMAINING COAL POWER DEALS - IEEFA
Project bankability at risk as new regulations threaten usual contractual terms
Foreign investors will face higher-than-usual risks ...
Wednesday, 04 November 20
MARKET INSIGHT - INTERMODAL
As the end of the year approaches, one would definitely notice that the newbuilding orderbook for bulk carriers is significantly smaller compared t ...
Monday, 02 November 20
PHILIPPINES GOVERNMENT SAYS NO TO NEW COAL PLANT PROPOSALS - IEEFA | 24 PILIPINAS
The Duterte administration will no longer accept proposals to construct new coal power plants, a dramatic shift in energy policy that counts on dec ...
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- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- White Energy Company Limited
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
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