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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, 27 January 10
PEABODY ENERGY EYES 'RED HOT' ASIAN COAL DEMAND
US miner Peabody Energy has seen already-strong Asian markets become “red hot”, as demand for metallurgical and thermal coal strains sup ...
Wednesday, 27 January 10
KOLKOTTA BASED POWER UTILITY CESC LOOKING FOR 100,000 MT OF COAL FOR MAY & JUNE DELIVERY
COALspot.com (India): Kolkotta based power utility CESC, the flagship company of the diversified RPG group of India, has issued a closed tender to b ...
Tuesday, 26 January 10
FREIGHT COST ERODES INDIA CEMENTS NET
"Freight cost increased from an average of around 14% of sales in the previous quarters to around 20% in the third quarter"
The Decembe ...
Tuesday, 26 January 10
VITOL BUYS EXPORT SPACE AT COLOMBIA SANTA MARTA PORT
Global energy trader Vitol has signed a four-year deal to take export capacity at Colombia's 3 million tonnes a year Carbonsan port in Santa Marta, ...
Tuesday, 26 January 10
AUSTRALIAN FIRM TO MINE COAL IN WEST BENGAL
India Resources Ltd (IRL), a mining firm listed on the Australian Stock Exchange, has decided to enter into contract mining of coal in
India ...
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Showing 6051 to 6055 news of total 6871 |
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- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
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