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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, 27 September 21
CHINESE COAL FIRMS MEET TO ADDRESS WINTER SUPPLY CHALLENGES - CNBC
Major Chinese coal producers are trying to resolve supply shortages and curb price rises as the country’s winter consumption peak approaches, ...
Saturday, 25 September 21
HIGH STAKES FOR ASIAN DEVELOPMENT BANK’S AMBITIOUS COAL POWER RETIREMENT PLAN - IEEFA
Implementation challenges could block funding for other equally important high impact clean energy funding strategies
In the lead up ...
Thursday, 23 September 21
LONGER COAL CONTRACTS MAY REIN IN PRICES - ECNS
In China’s coal sector that has been marred recently by price surges, regional authorities and related enterprises should ensure the fuel con ...
Thursday, 23 September 21
BALTIC INDEX HITS 12-YEAR PEAK ON FIRMER VESSELS RATES - REUTERS
The Baltic Exchange’s main dry bulk sea freight index rose for a fourth straight session on Wednesday to a 12-year high, buoyed by higher rat ...
Thursday, 23 September 21
RECORD-HIGH GAS PRICES AFFECT MANY EUROPEAN CORPORATE SECTORS - FITCH RATINGS
Record-high natural gas prices are putting pressure on supply chains of many European corporate sectors, including non-integrated energy suppliers, ...
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- Vizag Seaport Private Limited - India
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- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
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- Australian Coal Association
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- Price Waterhouse Coopers - Russia
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- Kohat Cement Company Ltd. - Pakistan
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- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- The University of Queensland
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- Planning Commission, India
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- White Energy Company Limited
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- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
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- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
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- Kaltim Prima Coal - Indonesia
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- Coastal Gujarat Power Limited - India
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- Parliament of New Zealand
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- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
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- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
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- Directorate Of Revenue Intelligence - India
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- Thai Mozambique Logistica
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
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- International Coal Ventures Pvt Ltd - India
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- Gujarat Electricity Regulatory Commission - India
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- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
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- Indian Oil Corporation Limited
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- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
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