Despite record high natural gas prices and a worldwide energy crisis, global coal-powered generation fell in the year’s first half, defying forecasts of high coal consumption in the electricity sector. Continue Reading
A new study reviewed 13 carbon capture projects – 55 percent of the total worldwide capacity – and found both the technology and regulatory framework wanting. A new study by Continue Reading
“I’m not one of these coal or nothing people. You’ve got to diversify your energy,” said Mr. Zeigler, a physical-therapist assistant. He and his wife have spent less on clothes, Continue Reading
China’s coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted coal while Western countries shunned Continue Reading
Tax credits in the $430 billion U.S. climate and tax bill set to be signed into law this week will kickstart carbon sequestration projects, say oil and gas proponents, offsetting Continue Reading
The globe is in the grips of a climate crisis as temperatures soar and rivers run dry, and yet it’s never been a better time to make money by digging Continue Reading
Gulf NOCs are expanding their carbon capture and hydrogen capacity. Partnerships with foreign companies are creating new trade opportunities. Middle East could capture up to 50m tonnes per annum of Continue Reading
The rally in coal prices, which began at the end of last year and intensified after the Russian invasion of Ukraine and the subsequent EU ban on Russian coal imports, Continue Reading
India has ramped up imports of Russian coal since Ukraine war June customs data shows non-dollar payments now common Chinese yuan, Emirati dirham trades becoming more popular Banks and traders Continue Reading
An indication of demand destruction, US steam coal exports fell 15.2% on the year in June as the CIF ARA monthly average price more than tripled to $371.02/mt, according to Continue Reading
Soaring natural gas prices are giving rise to coal demand around the world, with consumption set to match this year the record-high from 2013, and further jump to a new Continue Reading
Power plants in Germany are finding it increasingly difficult to source coal amid an energy crisis that is spiraling out of control as falling water levels on the Rhine river Continue Reading
Germany will stop importing Russian coal from August 1 and crude oil from December 31, the country’s deputy finance minister, Joerg Kukies said today, as quoted by Reuters. “We will Continue Reading
With 14.9 GW of coal-fired capacity to retire in 2022, the Energy Information Administration July 12 estimated 2022 coal consumption at 481.7 million st, down 3.9% on the year. “The Continue Reading
The UK government introduced to Parliament on Wednesday the Energy Security Bill, a proposed legislation that does not explicitly confirm the UK’s pledge to end coal use by October 2024. Continue Reading
An energy-starved world is turning to coal as natural-gas and oil shortages exacerbated by Russia’s war against Ukraine lead countries back to the dirtiest fossil fuel. From the U.S. to Continue Reading
Much of the focus on sanctions on Russia’s commodity exports is on crude oil and natural gas, but coal is perhaps the best example of the challenges facing those seeking Continue Reading
Poland and Ukraine are increasing this year’s production of thermal coal, the most polluting fossil fuel, preparing for colder months as Europe grapples with an energy security crisis exacerbated by Continue Reading
Europe’s biggest Russian gas buyers raced to find alternative fuel supplies on Monday and could burn more coal to cope with reduced gas flows from Russia that threaten an energy Continue Reading
The European Commission president has warned EU member states not to backtrack on their long-term drive to cut fossil fuel use, as Germany, Austria and the Netherlands said they would Continue Reading
India’s purchases of Russian coal have spiked in recent weeks despite global sanctions on Moscow, as traders offer discounts of up to 30%, according to two trade sources and data Continue Reading
India is continuing to grapple with a severe and protracted power crisis after a sustained surge in global coal prices in late-2021 was further aggravated by Russia’s invasion of Ukraine Continue Reading
7.01 GW capacity set to be commissioned in 2022-23 39 thermal coal plants under construction India added 8 plants with 4.49 GW capacity in 2021-22 India is expected to commission Continue Reading
Some of the British coal-fired power plants slated for closure this year might need to stay open to ensure electricity supply this winter, the government said on Monday. Countries across Continue Reading
India plans to phase down at least 81 coal-fired utilities over the next four years, the federal power ministry told top energy department officials of state and federal governments in Continue Reading
State-run Coal India (COAL.NS) , the world’s largest coal miner, will import the fuel for use by utilities, a power ministry letter seen by Reuters showed on Saturday, as shortages Continue Reading
India is expected to face a wider coal shortage during the quarter ending September over expectations of higher power demand, an internal power ministry presentation seen by Reuters showed, worsening Continue Reading
Coal prices in the U.S. surged to an all-time high in March as Russia’s war in Ukraine and an economic rebound from the pandemic have sent demand for fossil fuels Continue Reading
Germany is moving away from its plan to establish a strategic national coal reserve, sources from the government and industry told Reuters on Tuesday. The plan is no longer a Continue Reading
India is boosting coal production to record highs in an effort to overcome a fuel shortage that has strained the power supply, leading to blackouts during a searing heatwave on Continue Reading
India has boosted the output of coal and cancelled passenger trains to free up rail track to move it, officials said on Friday, as the government scrambles to overcome its Continue Reading
A record-breaking “heat dome” across northwest India has worsened a severe shortage of coal for power generation and raised the risk of blackouts at hospitals in New Delhi, according to Continue Reading
Granted it’s still early in 2022, but signs are emerging that the amount of financing going to coal-related projects is running at a rate that’s more than double last year’s Continue Reading
China will cut import tariffs for all types of coal to zero from May 1, 2022, until March 31, 2023, the finance ministry said on Thursday, as Beijing strives to Continue Reading
The US power market may be in for another wave of coal-to-gas switching this summer as potential replacement fuel demand from Western Europe drives global coal prices higher. Receive daily Continue Reading
China has called on its top producing province to guarantee thermal coal supplies to some of the industrial hubs on the coast threatened by power shortages. Miners in Shanxi have Continue Reading
It appears that the decline of coal, the dirtiest of all the fossil fuels, has been somewhat exaggerated in recent years, with the current energy shortage causing demand to soar. Continue Reading
Met exports at six-year low for corresponding month Thermal coal shipments decrease 23.5% on month Coal exports from Ridley Terminals in British Colombia dropped to 373,310 mt in March, down Continue Reading
Pakistan eyeing countries like Afghanistan, Tajikistan Domestic coal shortage hurts power supply CFR Pakistan 5,750 kg/kcal NAR coal at $366.05/mt April 20 Thermal coal buyers in Pakistan are looking for Continue Reading
Three of India’s most industrialized states plan to import 10.5 million tonnes of coal in coming months as officials scramble to arrest widespread power cuts, a move that could push Continue Reading
Few cargoes of Russian coal traded to India: sources Russian 5,500 kcal/kg NAR FOB at $60/mt discount to Newcastle coal Indian stockpiles dwindling, sufficient for 8 days of the burn Continue Reading
China’s coal output rose 15% in March from the same month a year ago, with daily production climbing to a record, as Beijing urged miners to crank up operations to Continue Reading
As the planet lurches toward catastrophic levels of warming, China’s biggest banks have been ratcheting up their financing of the dirtiest fossil fuel of all: coal. Chinese lenders have helped Continue Reading
China’s metallurgical coal supply is expected to remain limited in the second quarter of 2022, as coking sector’s inventories deplete and Mongolian coal suppliers face logistical hurdles, industry sources said Continue Reading
Production estimated at the highest level since 2019 Gas loses stack share to coal amid high prices Pointing to supply disruptions amid Russia’s war in Ukraine, the Energy Information Administration Continue Reading
EU ban on Russian coal may lift prices of natural gas and electricity outside of Europe. China’s demand for thermal coal is rising amid a push for energy security. The Continue Reading
Highlights Reducing Russian coal imports in phases by finding alternative suppliers Japan steps into reducing overall Russia energy dependency including oil: PM Russia accounts for 11% of coal imports as Continue Reading
Kremlin spokesperson Dmitry Peskov said on Friday that coal was in high demand and that Russian coal earmarked for Europe would be redirected to other markets if the EU refused Continue Reading
Impacts quarter of Russian coal exports, Eur8 bil/year loss: EC German Cal trades at Eur197/MWh, year-ahead coal hits $230/mt European coal and German forward power prices rose further April 8 Continue Reading
Ban to apply to all forms of coal Amounts to Eur8 bil/year loss in revenue for Russia EU imports around 50 mil mt/year of Russian coal: Euracoal The European Council Continue Reading
