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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, 17 July 23
APPROVED AMMONIA-FUELED CONTAINERSHIP - BENEFITS AND RISKS: REED SMITH
Following the news in Offshore Energy that Korea Maritime Consultants has secured approval in principle from the American Bureau of Shipping for it ...
Friday, 14 July 23
CLEAN COAL USE KEY TO DEEP CUTS IN EMISSIONS, STABLE ELECTRICITY SUPPLY - CHINA DAILY
China must push for the clean use of coal and step up integration of the dirty fuel with carbon capture, utilization and storage to achieve sustain ...
Thursday, 13 July 23
VIETNAM'S COAL EMISSIONS PRIMED FOR SURGE AFTER IMPORTS JUMP - REUTERS
Vietnam’s thermal power emissions are primed for a steep climb this summer after the country’s imports of thermal coal soared to their ...
Monday, 26 June 23
COAL PRODUCTION AND CONSUMPTION UP IN 2022 - EUROSTAT
In 2022, EU coal production and consumption continued to increase, reaching 349 million tonnes (+5% compared with the previous year) and 454 millio ...
Wednesday, 21 June 23
QATAR STRIKES SECOND BIG LNG SUPPLY DEAL WITH CHINA - REUTERS
Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead i ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- CNBM International Corporation - China
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
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