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Monday, 31 October 22
U.S. COAL-FIRED GENERATION DECLINING AFTER BRIEF RISE LAST YEAR - EIA
.jpg) We expect 6% less U.S. coal-fired generation in 2022 than in 2021, according to our latest Short-Term Energy Outlook (STEO). Although coal-fired generation declined each year between 2014 and 2020, it rose 16% in 2021 as a result of increased electricity demand and higher natural gas prices following the pandemic. Despite natural gas prices remaining high, coal-fired generation has continued its previous trend of decline this year as a result of constrained coal supply.
Coal and natural gas are two of the most prevalent sources of power generation in the United States. Natural gas-fired power plants that use modern combined-cycle technology can compete effectively with coal-fired generation because they operate with 30% to 35% greater efficiency. This difference affects relative fuel costs between coal and natural gas and the substitution between the two fuels.
Between 2020 and 2021, the delivered cost of natural gas for power generators nearly doubled while the delivered cost of coal grew by only 3%. The increase in natural gas prices caused the share of total natural gas-fired generation to fall to 37% in 2021 from 39% in 2020. In contrast, coal-fired generation increased in 2021 for the first time since 2014 and averaged 23% of U.S. generation, up from 20% in 2020.
The cost of delivering fuel to coal-fired and natural gas-fired generators depends on a wide variety of factors. Wholesale power prices are generally set by the price of natural gas, and natural gas prices have been volatile throughout most of 2022. Compared with coal-fired generators, costs for natural gas-fired generators are more dynamic. Natural gas is bought mostly in the daily, monthly, and seasonal markets to align fuel needs with power sales, which can be highly uncertain. Costs for coal-fired generators are more static because delivered coal prices are mostly based on long-term contracts and remain relatively steady for longer periods. So far this year, as reported to EIA, the delivered price of natural gas has increased more in percentage terms than the delivered price of coal, but natural gas prices for generators may decrease substantially in the fourth quarter.
Despite higher natural gas prices in 2022, we expect natural gas-fired generation will increase slightly this year, and its share of annual U.S. generation will increase from 37% to 38%. The electric power sector is not moving away from natural gas as we expected previously because coal-fired power plants, which have historically acted as a substitute for natural gas generation, have not been receiving enough coal to meet demand. We expect coal production to increase by less than 2% during 2022, and we expect much of that gain to be exported. We expect that the share of generation provided by coal will return to 20% in 2022, down from 23% last year.
Most coal is delivered to power plants by railroads in the United States, which have encountered a number of disruptions this year. Although U.S. coal inventories have been declining in recent years as coal-fired generators have retired, the limitations on coal deliveries have further constrained generators’ ability to replenish stocks and increase generation. During the first seven months of 2022, coal inventories at power plants averaged 23% lower than in 2021.
Source: EIA
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Friday, 18 November 22
REALITIES OF LOI LIABILITIES - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
The cargo misdelivery claim in Trafigura Maritime Logistics Pte Ltd v. Clearlake Shipping Pte Ltd (Miracle Hope) [2022] E ...
Tuesday, 15 November 22
CHINA SEES RISING COAL STORAGE AMID SUPPLY PUSH - XINHUA
Coal stockpiles at China’s power plants have seen considerable increases, ensuring energy supply for the winter, the country’s energy r ...
Tuesday, 15 November 22
SEABORNE THERMAL COAL PRICES START TO EASE, BUT PROCESS IS UNEVEN - REUTERS
Prices for seaborne thermal coal have started to drop as fears of a winter energy crunch ease, but the rate of decline has varied across the differ ...
Thursday, 10 November 22
INDIA: THERMAL PLANTS HAVE ADEQUATE COAL STOCKS AT 25.6 MILLION TONNES, SAYS GOVT - IANS
The coal stock with domestic dry fuel-based power plants, as on October 31, was 25.6 million tonnes, the government said, adding that the availabil ...
Tuesday, 08 November 22
OUTLOOK ON CHINA’S WEAKENED BASIC MATERIALS SECTOR CLOUDED BY POLICY SWINGS - FITCH RATINGS
Fitch Ratings expects basic materials demand in China to improve qoq in 4Q22, driven by seasonally higher construction activity, solid infrastructu ...
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- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- The Treasury - Australian Government
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- The University of Queensland
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
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