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Monday, 19 December 22
ENERGY CRISIS FUELS COAL COMEBACK IN GERMANY - REUTERS
Coal has made a comeback in Germany this year, as Europe’s largest economy turns to the dirty fuel to power it through an energy crisis.
More than a third (36.3%) of the electricity fed into the German power grids between July and September came from coal-fired power plants, compared with 31.9 percent in the third quarter of 2021, according to German statistics office Destatis.
Long demonised by Germany’s Green party, which leads some of the government’s top ministries, coal was set to be phased out by 2030, but Russia’s war with Ukraine and gas export curbs, brought coal back into favour.
Coal-to-power generation output rose by 13.3% year-on-year to 42.9 terawatt hours (TWh) in the three months of July-September, during which overall German power output – at 118.1 TWh – lagged the same period in 2021 by 0.5 percent, Destatis said.
Gas generation rose slightly, despite high prices, as wind and hydro power output were low, and domestic nuclear output also fell in July-Sept.
The latter was because only three reactors remain online compared to six a year earlier as Germany exits from the technology following the Fukushima crisis.
Under the threat of gas shortages, some coal plants that had closed or been left in reserve have re-entered the market in Europe this year, but in most countries, the amount was limited.
“Only in Germany, with 10 gigawatts (GW), is the reversal at a significant scale. This has increased coal power generation in the European Union, which is expected to remain at these higher levels for some time,” the IEA’s annual coal market report said.
Global coal consumption reached a record high of over 8 billion tonnes this year, with Germany one of the highest with a 19% rise, or 26 million tonnes, versus 2021, the IEA said.
Instead of shutting down 1.6 GW of lignite-fired power plants by the end of 2022 as planned, the German government has issued a waiver to allow production until March 2024.
Germany has created a “gas replacement reserve” with a total capacity of 11.6 GW. This includes 1.9 GW of lignite and 4.3 GW of hard coal power plants which are allowed to return to the market until 2024, the IEA report said.
The decommissioning of 2.6 GW of hard coal power capacity and 1.2 GW of lignite capacity has been postponed.
Since Destatis started compiling statistics in 1990, 2022 will likely be the first that Germany will be a net exporter of electricity to France, not the other way round, it said.
However, the IEA added that due to an expected ramp-up of electricity production from renewables and a recovery in French nuclear power availability, Germany should return to being a net importer of electricity in the next few years.
Source: Reuters
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Tuesday, 13 December 22
YANCOAL AUSTRALIA TO PREPAY $459 MLN DEBT AS RECORD COAL PRICES BOOST CASHFLOWS - REUTERS
Coal miner Yancoal Australia Ltd. said on Friday it intended to prepay $459 million of its debt on or around Dec. 16, as elevated coal prices were ...
Tuesday, 13 December 22
WHY COAL LEADS THE RISE IN COMMODITIES THIS YEAR - MARKETWATCH
This year marked a resurgence for coal, often known — and loathed — by environmentalists as the dirtiest energy source, with prices mor ...
Thursday, 08 December 22
BIMCO TO REVISE WAR RISK CLAUSES
Work to revise the BIMCO War Cancellation Clause 2004, the BIMCO War Risks Clause for Time Chartering 2013 (CONWARTIME 2013) and the BIMCO War Risk ...
Thursday, 08 December 22
COAL ROYALTY PAYMENTS BOOST AUSTRALIAN STATE'S BUDGET FORECAST - REUTERS
Australia’s Queensland state on Wednesday forecast a record surplus for the current financial year, largely driven by higher royalty payments ...
Wednesday, 07 December 22
MARKET INSIGHT - INTERMODAL
China’s coal imports from January to October were 230.1m mt, a decrease of around 10.7% y-o-y (2021 totalled 323.2m mt). The question is if t ...
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- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- The University of Queensland
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- PTC India Limited - India
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Deloitte Consulting - India
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
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