Friday, 26 August 2022 | 14:00 – 16:00
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Overview
Indonesia’s coal export to Europe jumped by 143.7 percent to US$191.2 million in the second quarter of this year compared to $78.4 million in the first quarter with the largest coal export destinations of Italy, the Netherlands, Poland and Switzerland, according to the Central Statistics Agency (BPS).
BPS said that the higher export to Europe was attributed to soaring coal prices and the Russia-Ukraine war. BPS said that coal export to Europe in the first half of this year reached $269.6 million, compared to only $25.1 million for the full-year of 2021, and $25.3 million in the previous year.
India's coal imports also hit a record high in June despite high global prices, data from three trade sources and Refinitiv ship tracking showed, as economic activity picked up and amid a domestic shortage of the fuel, Reuters reported.
Coal shipments from top supplier Indonesia more than tripled to a record 14.5 million tons, while imports of coal from Russia nearly doubled to 1.2 million tons, Kpler data showed.
Meanwhile, Pakistan is also looking to get around 1 million tons of coal supply from Indonesia, or about 8 percent of its annual coal consumption of about 12 million tons, to help resolve the current power crisis.
The South Asian nation requires coal supply with CV of at least 5,500 kcal/kg GAR, and with sulfur content of more than 1 percent. Indonesia's target for coal output this year is 663 million tons.
The Ministry of Energy and Mineral Resources said previously that a number of European countries have sought for coal supply from Indonesia. The webinar would explore the coal market and price trend in the second semester and what is the prospect of Indonesia coal to fill the increasing demand of coal from European, Asia and ASEAN countries?
BPS said that the higher export to Europe was attributed to soaring coal prices and the Russia-Ukraine war. BPS said that coal export to Europe in the first half of this year reached $269.6 million, compared to only $25.1 million for the full-year of 2021, and $25.3 million in the previous year.
India's coal imports also hit a record high in June despite high global prices, data from three trade sources and Refinitiv ship tracking showed, as economic activity picked up and amid a domestic shortage of the fuel, Reuters reported.
Coal shipments from top supplier Indonesia more than tripled to a record 14.5 million tons, while imports of coal from Russia nearly doubled to 1.2 million tons, Kpler data showed.
Meanwhile, Pakistan is also looking to get around 1 million tons of coal supply from Indonesia, or about 8 percent of its annual coal consumption of about 12 million tons, to help resolve the current power crisis.
The South Asian nation requires coal supply with CV of at least 5,500 kcal/kg GAR, and with sulfur content of more than 1 percent. Indonesia's target for coal output this year is 663 million tons.
The Ministry of Energy and Mineral Resources said previously that a number of European countries have sought for coal supply from Indonesia. The webinar would explore the coal market and price trend in the second semester and what is the prospect of Indonesia coal to fill the increasing demand of coal from European, Asia and ASEAN countries?
The webinar series would explore:
- What has changed in coal supply and demand outlook on Russia/Ukraine conflict?
- What is the prospect of Indonesia coal to European markets?
- What will be the changes in global coal supply and demand trend in the second semester?
- The potential of thermal coal prices and trend in the second semester
- What is the outlook of China, India, ASEAN coal market outlook in the second semester?
- What is the outlook of freight rates of coal shipping?
Rundown
| 14.00 | Introduction and opening remarks, Moderator: Hendra Sinadia, Executive Director of Indonesia Coal Mining Association |
|---|---|
| 14.10 | Regulatory update on coal export – implication of rising coal demand in global market to Indonesia’s coal production in 2022. Keynote Speaker: Mr.Prof Irwandy Arif, Special Staff for Mineral and Coal Governance Of Minister of Energy and Mineral Resources |
| 14.20 | Impact of Russia/Ukraine conflict on global coal supply and demand trend in the second semester. speaker: Mr.Freddie Staermose, Vice President – Generation Fuels & Dry Bulks Argus Media |
| 14.40 | Prospect of coal import from China in the second semester – what does it mean for Indonesian coal miners? Speaker: Mr. Jimmy Deng, General Manager of Century Commodities Solution. |
| 15:00 | Changing Indian Demand on coal and what is implication on Indonesian Supply? Speaker: Mr. Dhruv Dhir, Senior Research Analysist of Indian Coal Market for McCloskey. |
| 15:20 | Outlook of coal market in Bangladesh and Pakistan. Speaker: Mr. Ghee Peh at the Institute for Energy Economics and Financial Analysis (IEEFA) |
| 15:40 | Trader’s Perceptive on global coal demand in second semester – what does it mean for Indonesia coal? Speaker: Mr. Ramli Ahmad, President Director of Ombilin Energy |
| 16.00 | End of Webinar |
Day/Date
Friday, 26 August 2022
14:00 – 16:00
Platform
Zoom Webinar
(access details shared after registration)
