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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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Tuesday, 26 July 22
WILL SOUTH AMERICA’S WINTER DEMAND DRAW LNG CARGOES AWAY FROM EUROPE? - ICIS
South America is now in the middle of its winter demand season. Last year the region increased its share of global LNG imports in winter, with Braz ...
Monday, 25 July 22
GLOBAL 2021 COAL-FIRED ELECTRICITY GENERATION SURGES TO RECORD HIGH - REUTERS
By contrast, mine output was still fractionally below the record set between 2012 and 2014 because older and less efficient coal generators have be ...
Saturday, 23 July 22
THE EU HAS BEEN REDUCING IMPORTS OF RUSSIAN REFINED OIL PRODUCTS SINCE MARCH - BANCHERO COSTA
The European Union could now ban the import and transit of fuel oil from Russia around six months ahead of the planned deadline, an EU official and ...
Saturday, 23 July 22
INDONESIA CONSIDERING SCRAPPING DOMESTIC SALES RULE FOR PALM OIL EXPORTS - REUTERS
Indonesia is considering removing a domestic sales requirement for palm oil exports because high inventories of the vegetable oil have been holding ...
Saturday, 23 July 22
STABILITY OF RUSSIAN GAS FLOWS REMAIN UNCERTAIN, DESPITE THE REOPENING OF NORD STREAM - WOOD MACKENZIE
Gazprom confirmed today that regular annual maintenance of Nord Stream is officially over and gas flows restarted at 63 million cubic metres per da ...
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- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
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