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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, 09 November 23
GREEK AND CHINESE COMPANIES OWN 34% OF THE GLOBAL FLEET’S CARGO CAPACITY - BIMCO
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships ...
Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG sh ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
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- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Australian Coal Association
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
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