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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, 14 May 20
NEW COVID-19 GUIDELINES FOCUS ON SAFE INTERFACE BETWEEN SHIP AND SHORE STAFF - GARD
At a time when the COVID-19 pandemic is affecting the global population, it is important that ships’ crew and port workers protect each other ...
Wednesday, 13 May 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.4 PCT - XINHUA
China Taiyuan coal transaction price index stood at 124.93 points Monday, down 0.4 percent week on week.
The index, released by Chin ...
Tuesday, 12 May 20
IN THE FIRST 4 MONTHS OF 2020, SOUTH KOREA IMPORTED 46.6 MLN TONNES OF CRUDE OIL BY SEA, A NET DECLINE OF 14.1% YOY - BC
South Korea is certainly one of the countries which has handled better the current Covid-19 crisis. In the first week of May 2020, new cases of ...
Tuesday, 12 May 20
OIL MARKET TURBULENCE PIVOTS FOCUS ON FLOATING STORAGE TECHNICAL NEEDS - LLOYD'S REGISTER
KNOWLEDGE TO ELEVATE
Negative oil prices and off-the-scale volatility in crude markets are positive for floating storage, as the next chapter ...
Tuesday, 12 May 20
A GLOBAL ECONOMIC RESTART HAS SLOWLY BEGUN AS COUNTRIES AROUND THE WORLD GRADUALLY - ALLIED
A global economic restart has slowly begun as countries around the world gradually set their return back to “normality”. Yet by all mea ...
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Showing 966 to 970 news of total 6871 |
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- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- The University of Queensland
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- ASAPP Information Group - India
- Planning Commission, India
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
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