Sentences with phrase «expected demand for coal»

In an op - ed for the New York Times, Michael E. Webber, deputy director of the Energy Institute at the University of Texas at Austin, blames coal's struggles on cheap and plentiful natural gas, cheap renewables and air - quality regulations launched under the George W. Bush administration, as well as weaker - than - expected demand for coal in Asia.

Not exact matches

By the mid 2020s, the IEA expects the U.S. to become the world's biggest exporter of liquefied natural gas, demand for which is set to rise strongly as China, India, and Southeast Asia all turn away from coal to cleaner energy sources.

Lower expected global demand for U.S. coal exports in 2018 and 2019 also contributes to the forecast of lower coal production.

Those winter shutdowns were expected to dampen demand and prices for Australian iron ore and coal in particular, but prices for both commodities have remained strong; iron ore prices have surged 26 per cent since October 31 to be fetching $ US77.74 per tonne on Tuesday, according to Metal Bulletin.

The Asian forecast contrasts sharply to projections for the United States, which is expected to see sagging domestic demand as power plants undergo fuel switching away from coal.

As domestic demand increases for both thermal and metallurgical coal, China is expected to curtail exports, possibly expanding markets for other regional players like India, Australia and Indonesia.

Despite the low price currently fetched for coal overseas, Eaves said the company expects the international market to improve even as domestic demand for coal recedes.

This is why oil giants like ExxonMobil are investing more these days in natural gas, demand for which is expected to grow as electric utilities in Canada, the United States and Europe switch from coal to gas - fired power generation.

India's policymakers, for their part, have to deal with rapid development and population growth that make coal indispensable to meeting the expected 3.5 percent increase in year - on - year demand for electricity between now and 2040.

Coal currently accounts for 39 % of global power supplies, and coal demand is growing faster than expecCoal currently accounts for 39 % of global power supplies, and coal demand is growing faster than expeccoal demand is growing faster than expected.

However, sluggish power demand, abundant gas supply and renewables growth are expected to continue to generate headwinds for coal use and limit the prospects for any resurgence in construction of new coal power plants.

The company expects energy demand to grow at an average of about 1 % annually over the next three decades — faster than population but much slower than the global economy — with increasing efficiency and a gradual shift toward lower - emission energy sources: Gas increases faster than oil and by more BTUs in total, while coal grows for a while longer but then shrinks back to current levels.

Global demand for coal is expected to grow to 8.9 billion tons by 2016 from 7.9 billion tons this year, with the bulk of new demand — about 700 million tons — coming from China, according to a Peabody Energy study.

Besides strong demand for thermal coal, which is burned in power plants, use of metallurgical coal or coking coal, used in blast furnaces, is also expected to more than double in China, to about 1.7 billion metric tons by 2016, as the country's steel mills churn out more steel for automobiles, skyscrapers and export goods, the Peabody study says.

Coal is expected to provide the major source of energy, accounting for 45 percent of the increase in energy demand.

Steep price rises for oil and gas could stymie global demand or prolong the current coal boom or it could all run out sooner than expected.

Demand for coal in Southeast Asia alone is expected to increase 4.8 % a year through to 2035.

In fact, global demand for oil is expected to cross the 100 million bpd threshold within a few years, potentially surpassing coal as the largest source of CO2 emissions within a decade.

And ironically enough, Goodell argues, it's China's quickly growing demand for energy that presents us with a solution: «Energy demand is expected to double by 2030, and at that pace, there is not enough oil, coal and gas in the world to keep their economy humming,» he writes.

«The US shale gas revolution, and the push to renewable energy, are also expected to dampen demand for coal in the decades to come.

Other reasons include competition from natural gas, weaker than expected demand for electricity and aging coal - fired plants.