{"id":6085,"date":"2011-12-14T00:14:47","date_gmt":"2011-12-13T22:14:47","guid":{"rendered":"http:\/\/www.myza.co.za\/12\/update-1-coal-outlook-uncertain-china-remains-driver\/"},"modified":"2011-12-14T00:14:47","modified_gmt":"2011-12-13T22:14:47","slug":"update-1-coal-outlook-uncertain-china-remains-driver","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-coal-outlook-uncertain-china-remains-driver\/","title":{"rendered":"UPDATE 1-Coal outlook uncertain, China remains driver"},"content":{"rendered":"

\t\t<\/span><\/p>\n

(Adds quotes)<\/span><\/p>\n

<\/span><\/p>\n

LONDON<\/span> Dec 13 (Reuters) – The forecast for coal to
\n2016 is marked by extreme uncertainty over the global economic
\noutlook and the impact of shifts in China’s domestic market, the
\nInternational Energy Agency said on Tuesday.<\/p>\n

<\/span><\/p>\n

Coal demand worldwide will keep growing in the medium term,
\ndespite calls in many countries for reducing reliance on
\nhigh-carbon fuels, the IEA said in its Coal Medium-Term Market
\nReport 2011 released on Tuesday.<\/p>\n

<\/span><\/p>\n

Prices are seen rising steadily to 2016 on strong Asian
\ndemand growth and prone to spikes due to short-term supply
\nproblems.<\/p>\n

<\/span><\/p>\n

“For all the talk about removing carbon from the energy
\nsystem, the IEA projects average coal demand to grow by 600,000
\ntonnes a day over the next five years,” IEA Executive Director
\nMaria van der Hoeven said during the launch of the report.<\/p>\n

<\/span><\/p>\n

China will remain a major price driver in the medium term as
\nboth a huge producer and consumer of coal.<\/p>\n

<\/span><\/p>\n

China’s share of global production is almost four times that
\nof Saudi Arabia’s share of oil output, while the Chinese
\ndomestic market is more than three times the size of annual coal
\ntrade worldwide, the IEA said.<\/p>\n

<\/span><\/p>\n

“What happens in China over the medium term may impact the
\nprices for electricity that consumers everywhere will have to
\npay,” van der Hoeven said.<\/p>\n

<\/span><\/p>\n

“The development of mines and infrastructure in China will
\nshape the global coal market,” the IEA’s head of gas and coal
\nresearch said.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

(Adds quotes) LONDON Dec 13 (Reuters) – The forecast for coal to 2016 is marked by extreme uncertainty over the global economic outlook and the impact of shifts in China’s domestic market, the International Energy Agency said on Tuesday. Coal demand worldwide will keep growing in the medium term, despite calls in many countries for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-6085","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=6085"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6085\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}