Coal News & Price Data – September 21, 2023 – Chevron Foresees Prolonged LNG Deadlock
Chevron hasn’t reached an agreement with unions regarding strike action at the Gorgon and Wheatstone LNG facilities.
energy transition
Coal News & Price Data – September 20, 2023 – WHC to use $1B Loan to Buy BHP mines
Whitehaven Coal is considering using $1.1bn to $1.8bn in debt to purchase BHP’s coal mines in Queensland, as suggested by UBS analysts.
Coal News & Price Data – September 18, 2023 – Weekly Highlights
Thermal coal prices strengthened, surpassing $125 USD/ton, attributed to increased consumption and a sharp rise in gas prices.
Coal News & Price Data – September 15, 2023 – Peak Downs Suspended
Haul truck operations at Peak Downs might be suspended for two more weeks after two trucks slid over 100 meters during an overnight shift.
Coal News & Price Data – September 14, 2023 – Low Water Levels on Mississippi River Disrupting Shipments
Low water levels in the Mississippi River led to a 57% drop in Gulf Coast coal shipments, only six ships left in the week ending Sept. 10.
Thoughts on Chinese Permitted Coal Power
In the first half of 2023, China approved 52 GW of new coal power projects, a significant increase from the 15 GW permitted in H1 2022
European Gas is the Fulcrum for Energy Markets
I keep harping on TTF as the fulcrum for energy markets (coal and natgas), and the price has moved up over 65% from its lows on June 2
The U.S. Electricity Grid is Undeniably in Crisis
The U.S. Electricity Grid is Undeniably in Crisis. Cold Christmas weather resulted in grid failures and rolling blackouts across Tennessee and the Carolina’s.
Germany’s Steag ready to bring back 2.3 GW of coal capacity
Germany’s Steag to bring back 2.3 GW of coal capacity. They’re demanding permissions be prolonged to 2024, and not tied to gas scarcity.
The Eucalyptus Paradox – Mining Metals Supply Chain
The Eucalyptus Paradox – Mining Metals Supply Chain. Society has the goal of energy transition but it’s unwilling to investment in the mines.