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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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Saturday, 29 August 20
COAL INDIA'S FUEL SUPPLY TO POWER SECTOR DROPS ABOUT 20% IN APR-JUL: PTI
State-owned Coal India”s fuel supply to the power sector registered a decline of 19.5 per cent to 126.30 million tonnes (MT) in the April-Jul ...
Saturday, 29 August 20
SOUTH KOREAN BROKERAGE FIRM KOREA INVESTMENT & SECURITIES TO STOP ALL COAL BUSINESS - KOREA HERALD
South Korean brokerage firm Korea Investment & Securities has decided to stop its investments in coal, in line with the Moon Jae-in administrat ...
Thursday, 27 August 20
KOREAN GENCOS INVITED BIDS FOR TOTAL 985,000 TONS OF BITUMINOUS COAL FOR NOVEMBER 2020 LOADING
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 985,000 ...
Thursday, 27 August 20
SOUTHEAST ASIAN NATIONS SET REGION-WIDE RENEWABLE ENERGY GOAL OF 23 PERCENT BY 2025 - ASEAN POST
The Association of Southeast Asian Nations (ASEAN) has set an ambitious target of securing 23 percent of its primary energy from renewable so ...
Thursday, 27 August 20
BANGLADESH POWER MINISTRY SEEKING AUTHORITY TO CANCEL 13,000 MW OF PROPOSED COAL-FIRED CAPACITY - BUSINESS STANDARD
In a bid to move away from dirty energy, the Ministry of Power, Energy and Mineral Resources is seeking the prime minister’s approval to conv ...
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Showing 806 to 810 news of total 6871 |
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- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
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