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Thursday, 18 February 10
DECOUPLING FROM OIL PRICES ON STRONG GLOBAL ENERGY DEMAND
 A recent coal market conference in Singapore focused on two main issues –— the demand for coal as a source of energy, and coal pricing.
Spokespersons from different countries, including Thailand, South Korea, Mongolia, India and China highlighted their domestic demand for power generation, with coal as their main source of energy, thereby limiting coal exports.
The views were in line with ours that coal demand will remain buoyant in the mid-to-long term since it is a cheaper source of energy relative to oil and gas. Demand for energy will remain strong as about 60 percent of the world’s population has partial or no access to electricity.
Demand for coal as a source of energy is growing faster than for other sources. In 2000-2008, the average annual demand growth rate for coal was 4.7 percent, higher than for gas at 2.7 percent and 1.4 percent for oil.
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“Japan’s coal demand is expected to slow on the back of two factors:
1. the Japanese government policy to reduce carbon dioxide emissions
2. Japan’s new tax law on coal will reduce the cost effectiveness of using it”
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A World Energy Agency analyst says power generation based on all types of energy except oil is projected to grow. With world energy demand to grow at 40 percent between 2007 and 2030 and an estimated 1.3B people or 16 percent of the world’s population still lacking electricity by 2030, long-term demand for coal will rise most in absolute terms.
Speakers from India and China were also very positive on coal demand, given their rising power needs. The Indian government is projected to add 78 gigawatts (GW) of power by 2012, while power demand is expected to rise from 147 GW now to 950 GW by 2030.
China is expecting to double its power needs by 2020. About 60 percent of coal output in 2007-2030 is projected to come from China.
Spokespersons from Thailand and Vietnam highlighted their domestic coal needs for power projects, so reducing coal supply to export markets. Vietnam now supplies about 50 percent or 24 million tons of its coal for exports, but going forward this will fall to 3 million tons, despite production rising from 48 million tons in 2009 to about 105 million tons by 2025. For Thailand, coal consumption is going to increase from 34.5 million tons in 2008 to 48.6 million tons by 2021.
Only the speaker from Mongolia said it’s coal reserves of 162.3 billion tons would enable it to increase supply to the international market.
Separately, Japan’s coal demand is expected to slow on the back of two factors: 1. the Japanese government policy to reduce carbon dioxide emissions and 2. Japan’s new tax law on coal will reduce the cost effectiveness of using it.
Closer to home, 2009 coal output in Indonesia increased to 240 million tons, with exports accounting for 70 percent. This percentage will gradually reduce as domestic coal demand rises with more coal-fired power projects. Indonesia is expected to add 20GW of power by 2015. The electricity sector now absorbs 65 percent of domestic coal consumption with the cement industry as the second largest consumer.
Arpeni Pratama Ocean Line, Indonesia’s leading shipping company, expects coal to account for 33 percent of the country’s total energy mix by 2025, up from 19 percent now.
As energy demand remains strong world wide, coal consumption will continue to increase going forward. Strong coal demand could result in decoupling between oil and coal prices, with continued upward trends in future coal prices.
Source: The Jakarta Post
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Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
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Showing 5956 to 5960 news of total 6871 |
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- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
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