China faces severe coal shortages

[Ryzen_renoir]

 

[Ryzen_renoir]

Coal shortage deepens in India amid plunging plant inventories 

India’s massive fleet of coal plants are running dangerously low on stockpiles, which may force the nation to buy expensive shipments of the fuel or else risk blackouts.

 
Stockpiles have fallen to the lowest since November 2017, data from the Central Electricity Authority showed. The South Asian nation isn’t alone in facing a fuel crisis. Buyers from the U.K to China are grappling with energy shortages as a rebound in demand outpaces supply 

As inventories dry up, plants may be forced to buy expensive imported coal or pay hefty premiums at domestic auctions, said Debasish Mishra, a Mumbai-based partner at Deloitte Touche Tohmatsu. That may raise costs across an economy that’s already battling high petroleum fuel prices. 

“A sharp rise in post-pandemic electricity demand is straining fuel supply chains across the globe,” said Mishra. “India has done well to expand its power generation capacity, but has failed to give similar attention to coal supply infrastructure.”

Electricity demand from India’s state distribution utilities rose more than 10% in July and 18% in August as economic activity rebounded after a second wave of the pandemic receded and more citizens were vaccinated.  

About 124 gigawatts of plants, more than 60% of the nation’s coal generation capacity, had less than a week of inventories as on Sept. 24, according to data from the power ministry. Power stations imported 1.9 million tons of coal in August, 42% lower from a year earlier, government data show

[Ryzen_renoir]

China’s Coal Shortage Means Higher Prices for the World  

China, the world’s top coal consumer, is in dire need of more supply and is willing to pay any price -- a move that threatens to leave less fuel for energy-starved rivals.

 

With winter on the way for much of the world and natural gas prices at record levels, economies across the globe are competing for a finite supply of coal. At the center of the scramble is China, where stockpiles are low and demand is at an all-time high. The dirtiest fossil fuel, which was struggling against cleaner energy sources, is now seeing its biggest comeback ever, complicating international climate talks set to begin in just a few weeks.

 

China will expand coal procurement at “any price to ensure heating and power generation in winter,” the China Electricity Council said in a statement on Monday. While more than 90% of the fuel the country uses is mined locally, it’s difficult to raise local output at short notice.

[Spartan]

next one year energy stocks rach lepochu

US lo natural gas shortage

China India Coal

UK petrol.. already kotteskuntunnaru janal akkada

[vatsayana]

no coal -> No Power

No Power -> No Production

No Production -> Prices up due to demand and supply.

Situation worst ayyetlundi ga? 

[Anta Assamey]

4 minutes ago, Spartan said:

next one year energy stocks rach lepochu

US lo natural gas shortage

China India Coal

UK petrol.. already kotteskuntunnaru janal akkada

Racha in a negative way antunava or positive way antunava..

[Spartan]

2 minutes ago, Anta Assamey said:

Racha in a negative way antunava or positive way antunava..

positive manak spending bokka

[Anta Assamey]

Just now, Spartan said:

positive

Lack of supply will rise the prices up and which will benefit the stocks going up antunava..

[Spartan]

1 minute ago, Anta Assamey said:

Lack of supply will rise the prices up and which will benefit the stocks going up antunava..

yes

[Vallavan]

12 minutes ago, Spartan said:

next one year energy stocks rach lepochu

US lo natural gas shortage

China India Coal

UK petrol.. already kotteskuntunnaru janal akkada

why natural gas shortage??

[Ryzen_renoir]

1 minute ago, Vallavan said:

why natural gas shortage??

Supply side issues . This is not a new issue and has been there for sometime . 

 many countries /states have closed coal/nuclear power plants and started gas fed power plants to act as the base load stations for the power grid .  

The production of natural gas has not caught up with this increased demand , coming winter is going to be worse 

 

[rako]

14 minutes ago, Anta Assamey said:

Lack of supply will rise the prices up and which will benefit the stocks going up antunava..

how bro... prices up ayite buying capacity taggutundi kada... how come the stock price will go up?

[Anta Assamey]

40 minutes ago, rako said:

how bro... prices up ayite buying capacity taggutundi kada... how come the stock price will go up?

From what i can think off... You cannot escape from the basic needs kada... so that might bring them profits...

Calling @Spartan .. 

[Spartan]

1 hour ago, rako said:

how bro... prices up ayite buying capacity taggutundi kada... how come the stock price will go up?

buying capacity enduku taggutadi...?

they need to pay more..which will hit consumers pocket..

already natural gas 6$ per MBTU ayindi....inka perige chance undi...

[Vallavan]

1 hour ago, Ryzen_renoir said:

Supply side issues . This is not a new issue and has been there for sometime . 

 many countries /states have closed coal/nuclear power plants and started gas fed power plants to act as the base load stations for the power grid .  

The production of natural gas has not caught up with this increased demand , coming winter is going to be worse 

 

last I read, a few rigs were slowing down because they were running out of storage and aviation is still not at full capacity so is industrial/consumer demand.. so unless there is an issue with production not able to get back to its 2019 normals, there should not be any problem with crude supply.. market was surplus start of this year and companies reduced their production..