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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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Sunday, 17 January 10
THE FUTURES FOR THREE YEARS (2010 - 2012) FIRMED UP - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market was a bit mixed with BDI up by about 159 points and closed at 3,299 points.
BDI
The cape index cont ...
Sunday, 17 January 10
NTPC TO DOUBLE CAPACITY BY 2017
NTPC, which will launch its follow-on public offer on February 3, plans to more than double its generating capacity to over 70,000 mega watts by 201 ...
Saturday, 16 January 10
HANDY CONTINUED FIRM CONDITIONS FOR MARKET IN THE ATLANTIC
HANDY
Continued firm conditions for the Handymax / Smax market in the Atlantic with the BSI having a continued upwards momentum. US$ 45,000 ac ...
Friday, 15 January 10
INDONESIA COAL - HEAVY RAINS HAVE LITTLE IMPACT ON COAL OUTPUT
Coal shipments from Indonesia's main coal-producing area are unlikely to be hit by heavy rains during January-February as many miners are prepared ...
Friday, 15 January 10
GOVT BRINGS IN DOMESTIC COAL MARKET OBLIGATION
The Energy and Mineral Resources Ministry has issued a ministerial decree requiring producers of coal and other minerals to allocate a proportion ...
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Showing 6081 to 6085 news of total 6871 |
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- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Minerals Council of Australia
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
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