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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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Tuesday, 29 November 22
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Showing 186 to 190 news of total 6871 |
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- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
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