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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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Friday, 15 January 10
ADARO INDONESIA STILL TOPS IN INDONESIAN COAL EXPORT RANKING
COALspot.com (Indonesia): PT. Adaro Indonesia, the world first Envirocoal producer and Indonesia's second largest thermal coal producer is top coal ...
Friday, 15 January 10
NTPC TO ADD 6,000 MW EACH YEAR IN 12TH PLAN
Will raise total generation capacity to 75,000 Mw by 2017, up from 30,644 Mw at present.
India's largest power generator NTPC, which will launch ...
Friday, 15 January 10
POSCO SAYS 2010 COKING COAL AGREEMENT MAY BE DELAYED - BLOOMBERG
Posco, South Korea’s biggest steelmaker, said an agreement on coking coal prices for this year may be delayed because major suppliers of the s ...
Friday, 15 January 10
CHINA POWER FIRMS SEEK COAL IMPORTS, SUPPLY SCARCE
China's coal-hungry power plants have turned to imported coal to cope with widespread shortages, but spot supply is scarce, traders said on Thursda ...
Thursday, 14 January 10
INDONESIA POWER REDUCES COAL SUPPLY
PT Indonesia Power will reduce coal supplies from PT Tambang Batu Bara Bukit Asam to its Suralaya Power Plant. "The coal supply for the plant s ...
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Showing 6086 to 6090 news of total 6871 |
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- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- PTC India Limited - India
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Renaissance Capital - South Africa
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