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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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Thursday, 04 February 10
NO AMDAL, NO COAL MINING IN KALIMANTAN: MINISTRY
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not ha ...
Thursday, 04 February 10
ANTICIPATING DOMESTIC COAL DEMAND
Indonesia has an abundant amount of coal reserves, which in 2008 is estimated at 7,12 billion tones. Coal production in 2008 reached 231,18 mi ...
Wednesday, 03 February 10
CHINA'S MAIN COAL PRICES FALL AS WINTER DEMAND EASES
Weekly coal prices at China's Qinhuangdao port, a benchmark in the world's biggest producer and consumer of the fuel, fell for the first time in s ...
Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the ...
Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
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Showing 6031 to 6035 news of total 6871 |
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- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- White Energy Company Limited
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Planning Commission, India
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
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