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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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Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...
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Showing 5986 to 5990 news of total 6871 |
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- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- White Energy Company Limited
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
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