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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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Wednesday, 19 October 22
MARKET INSIGHT - INTERMODAL
The LNG market remains extremely tight, and as a result adding further pressure on the vessel charter market, which is already stretched due to the ...
Sunday, 16 October 22
COULD A RETURN TO SHALE EXPLORATION BE PART OF THE SOLUTION TO EUROPE'S GAS SUPPLY PROBLEM? - WOOD MACKENZIE
The European gas market is in turmoil. Russia’s invasion of Ukraine has shaken things up, triggering a complete rethink of European energy st ...
Thursday, 13 October 22
THERMAL COAL PRICES RETREAT AS WINTER SUPPLY FEARS EASE - REUTERS
The prices of key thermal seaborne coal grades are retreating amid signs that supplies will be sufficient to meet winter demand in both Europe and ...
Thursday, 13 October 22
SPOT COAL BIDDING: CHINESE FIRM WANTS REVISED MECHANISM - BUSINESS RECORDER
Chinese company M/s Huaneng Shandong Ruyi (Pakistan) Energy Limited (HSR) has cautioned National Electric Power Regulatory Authority (Nepra) that i ...
Thursday, 13 October 22
OPEC DOWNGRADES CRUDE OIL DEMAND, AS WORLD ECONOMY ENTERS SLOWDOWN
Crude Oil Price Movements
The OPEC Reference Basket (ORB) declined m-o-m by $6.58 in September, or 6.5%, to average $95.32/b. Pressure from equ ...
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- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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