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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, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...
Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...
Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...
Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...
Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
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- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- VISA Power Limited - India
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Romanian Commodities Exchange
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
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