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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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Monday, 19 September 22
BUMA AUSTRALIA AWARDED A$400 MILLION CONTRACT EXTENSION BY BMA FOR GOONYELLA PROJECT
Press Release – PT Delta Dunia Makmur Tbk. (the "Company") announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA ...
Saturday, 17 September 22
CHINA WARNS COAL COMPANIES AGAINST DUAL CONTRACTS, KEEP PRICES STABLE - REUTERS
China’s state economic planner warned coal companies operating at ports in the Bohai Bay region to comply with their long-term contracts to k ...
Saturday, 17 September 22
IS A GLOBAL RECESSION IMMINENT? - WORLD BANK
Since the beginning of the year, a rapid deterioration of growth prospects coupled with rising inflation and tightening financing conditions, has i ...
Saturday, 17 September 22
FITCH RATINGS REVISES GLOBAL METALS & MINING PRICE ASSUMPTIONS
Fitch Ratings has revised its metals and mining price assumptions reflecting evolving economic growth expectations and demand and supply dynamics.
...
Friday, 16 September 22
WHEN IS A VESSEL'S INCOME EARNING CAPACITY AT RISK? 'CONTROLLED INCOME CAN BE A KEY OF SUCCESS' - MARASCO MARINE
Managing marine risks is not an easy task, which requires special knowledge and expertise on the subject per se. Customarily, big ship management c ...
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- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Planning Commission, India
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- White Energy Company Limited
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
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