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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 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
Wednesday, 22 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
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- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Planning Commission, India
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Australian Coal Association
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
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