Archive for the ‘coal’ Category

Burn, baby, burn: North American natural gas gets ahead in generation

All over the news last week, media outlets highlighted a June US Energy Information Administration report that showed that for the first time ever, the US generated more electricity from natural gas than from coal in April. EIA data said the US generated 92.5 TWh from natural gas and 88.8 TWh from coal. This is the first time ever that any fuel source produced more electricity than coal. Although this might be a temporary blip (winter demand will send coal’s numbers past natural gas), it is still a huge deal.

Read the rest of this entry »

Natural gas becalmed as wind blows ahead in European power

Roll over Chicago, welcome to Europe: the Windy Continent.

In just 10 years’ time, wind is forecast to overtake natural gas as the biggest single power generation source by installed capacity in Europe.

Read the rest of this entry »

Oh US gas demand, where art thou?

In the United States, natural gas is having quite a year. Year-to-date, Platts unit Bentek Energy data shows natural gas production has averaged 72.4 Bcf/d, a 5.2 Bcf/d, or almost an 8% increase, from a year ago. This growth is impressive itself, but what makes it even more impressive is the growth has come while prices have been depressed and demand has lagged.

Read the rest of this entry »

WGC 2015: How gas hopes to fight back against coal

Visitors from around the world queue expectantly on the Paris streets, waiting to pass through bag searches and metal detectors to enter the show within. No, it’s not the French Open at Roland Garros, but the big event at the other end of town, the 26th edition of the World Gas Conference, taking place in the French capital all this week.

Read the rest of this entry »

Company surviving the ‘coaldrums’ by gasifying coal

Coal is being overwhelmed by regulation and supplanted by subsidized competitors. Patriot Coal is the latest US producer to come off the rails, and thousands of miles away in country that not so long ago was building a coal-fired plant a week, Chinese coal producer Shenhua has also reported poor financials. Yet one firm, SinoCoking Coal, has embraced coal gasification and, in the midst of the ‘coaldrums,’ has reported a huge rise in income. Ross McCracken has more from the most recent selection from Platts Energy Economist.

Read the rest of this entry »

Holy Carbon: Does the Pope’s view matter in the fight against climate change?

Pope Francis is set to weigh in on the climate change debate in what has already caused a considerable buzz in the media, by equal measure prompting cheers from the green lobby and irritation among climate skeptics, even before the message has been released.

Read the rest of this entry »

China’s thermal coal imports overstay their welcome

Ever had a house guest who has outstayed their welcome? It could be a family member, old school friend or acquaintance who has taken up residence in your house for longer than expected. They said they would stay only for a few days, then a week goes by and you begin to get impatient and frustrated. Politeness and your good manners keep you from broaching the subject of their stay. What to do?

Read the rest of this entry »

IHS CERAWeek 2015, Day 4: Power ballad ending

Thursday is not the final day of IHS CERAWeek, but it is the final day focused on a particular commodity. It’s also Platts’ final day at CERAWeek this year. Thursday’s focus on electric power allows for a wide variety of topics, though, from coal to actual power generation to natural gas and everything in between.

We had two editors roaming the sessions Thursday, one to focus on coal and one to focus on electric power. Some of what we heard was shared from @PlattsPower, although @PlattsCoal, @PlattsGas and @PlattsOil also got some fodder from various officials sharing their plans. Just as a good power ballad has to come to an end, our coverage of this year’s CERAWeek is ending, and here are some thoughts from our editors about Thursday’s events.

Read the rest of this entry »

How falling commodity prices have flattered Chinese GDP in 2015

What’s in a number? Quite a lot when it comes to Chinese GDP.

Especially when it’s 7%, which was the real growth rate of the Chinese economy in the first quarter of 2015, compared to the first quarter of last year, according to the Chinese National Bureau of Statistics, who released this much-awaited data point on April 15.

Read the rest of this entry »

Coal may burn bright, but which Asian market has the lights left on?

If you are a coal producer focused on the Chinese market, I am sure you will be scratching your head thinking about the future. Ever since China started imposing restrictions on imports, suppliers have gone on a wild hunt for buyers.

Read the rest of this entry »