India mulling strategic reserves for gas, imported coal

sxcoal.com International 2021-10-22 14:40:20

India is considering maintaining strategic reserves of natural gas and imported coal in case of energy supply shocks in the future, Reuters reported, citing a senior power ministry official on October 21.


The country is in the middle of severe energy supply situation due to a lack of coal. Among all 135 coal-fired power plants in the country, 108 plants saw its coal stockpiles lower than seven days of use, of which 15 plants had no inventories left, data from the Central Electricity Authority on October 20.


Coal India Ltd, which provides 80% of the country's total supply, has recently suspended coal shipments to non-power end users in a bid to ease the energy crisis. The company produced 40.7 million tonnes of coal in September, a 0.5% rise from a year ago.


"Due to the huge increase in energy prices, India will face serious energy security problems if we do not implement a well-thought-out energy strategy," Reuters cited Alok Kumar, India's power secretary, as saying.


"So let's start thinking and talking about keeping strategic reserves of gas and imported coal so that economies can withstand these supply shocks for about a month or so," He said at the South Asia Power Summit organised by the Confederation of Indian Industry.


(Writing by Alex Guo  Editing by Tammy Yang)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editor's Pick

1 Indonesian thermal coal further rises amid improved tender results 2021-11-26

Indonesian low-CV thermal coal prices drifted higher on November 26 after more results were available for the latest tender issued by Huaneng Group, one of the largest state-owned power producers in C

2 Bearish sentiment weighs on Chinese coal market as gov't mulls pricing mechanism 2021-11-26

Spot thermal coal prices slid at northern transfer ports of China on November 26 as bearish sentiment grew in the wake of news that the national economic planning agency is mulling to improve the coal

3 Chinese spot thermal coal prices pick up yet lack subsequent strength 2021-11-26

Chinese thermal coal prices at northern transfer ports showed signs of upward trend as downstream buyers held improved demand, yet overall, the prices lack continued strength to rise further.

4 Shanxi coking coal miners further lower down prices to spur sales 2021-11-26

Some Shanxi-based coking coal miners continued cutting prices down to attract orders from downstream coking plants that presented higher replenishing interests after their coal stocks fell to low leve

5 China Coal Daily Track (Nov 26) 2021-11-26

Thermal coal Production area Coal miners' stock pressure was eased alongside increased buys from traders and chemical and coking enterprises. Some small- and medium-sized coal mines lifted pric

6 Japan Oct thermal coal imports up nearly 9% on yr 2021-11-26

Japan's October thermal coal imports surpassed 10 million tonnes for the third time in this year and broke the record of the same month since at least the year of 2000, showed data from Japan Ministry

7 Inner Mongolia's Ordos Oct coal sales up 6% on yr 2021-11-26

Ordos, one major coal production base in northern China's Inner Mongolia autonomous region, sold 68.3 million tonnes of coal in October, rising 6% or 3.86 million tonnes from a year ago, and 16.5% or

8 Japan Oct coke imports down 6.23% MoM 2021-11-26

Japan's coke imports totaled 146,100 tonnes in October, down 9,700 tonnes or 6.23% from September, but much higher than 25,600 tonnes a year ago, showed data from the Japan Ministry of Finance.

9 Japan Oct coal imports up 8.12% on yr 2021-11-26

Japan's coal imports in October hit a new high of the same period in past six years, despite a small reduction from last month, according to the data from country's Ministry of Finance (MOF).

10 Chinese steel mills ask for 8th met coke price cut as demand outlook worsens 2021-11-26

Some northern Chinese steelmakers continued to press for the 8th round of 200 yuan/t metallurgical coke price cut on November 26, in anticipation that steel production curbs would be intensified again

Most Read Articles

1 China Oct thermal coal imports surge 173.55% on yr, lignite jump 234.3%, GAC 2021-11-22

China's thermal coal (including bituminous and sub-bituminous coal, but excluding lignite) imports jumped 173.55% or 8.4 million tonnes year on year to 13.24 million tonnes in October, showed data fro

2 China's coking coal imports fall 25.7% on yr in Oct, GAC 2021-11-22

China's coking coal imports declined 25.7% year on year but ticked up 0.69% month on month to 4.38 million tonnes in October, customs data showed on November 22. The import

3 Indonesian thermal coal trades up on Chinese buys amid colder weather 2021-11-23

Chinese buyers strengthened purchases of Indonesian thermal coal with more trades concluded this week, traders said on November 23, as a sharp decline in temperatures in a vast of areas is set to boos

4 China's Nov coal imports from Mongolia expected to further rise, prices to fall 2021-11-24

China's coal imports from Mongolia are expected to further rise in November after a significant rise in the previous month, with the month-to-date coal truck traffics in its largest border crossing we

5 Colombia's 2021 coal output to recover 20% 2021-11-22

Colombia's coal production is expected to recover around 20% in 2021 from a year ago, said Diego Mesa, the Minister of Mines and Energy. Coal is the major source of income for Colombia, a

6 Thermal coal trades growing in China as cold weather drives demand 2021-11-24

After being muted for weeks, the Chinese domestic thermal coal market saw the trading activity warm up again as cold weather prompted utilities to restock to cope with the potential cold snap that wou

7 China and Russia to co-develop coal projects in Russia 2021-11-22

Beijing and Moscow are mulling over cooperation to jointly develop coal projects in Russia, the Russian deputy prime minister said on November 17. The Russian government is planning to si

8 China Oct anthracite imports jump 79.2% on yr, GAC 2021-11-22

China imported 770,000 tonnes of anthracite in October, jumping 79.2% from a year ago and up 2.67% from the preceding month, showed data from the General Administration of Customs on November 22.

9 German Sep hard coal imports up 9.79% MoM 2021-11-22

Germany imported 2.69 million tonnes of hard coal in September, an increase of 507,000 tonnes or 23.26% year on year, and rising 9.79% or 239,500 tonnes from August, showed preliminary data from the F

10 China's coal output sets new records as gov't vows to ensure sufficient supply this winter 2021-11-22

China's daily coal production has now stabilized at above 12 million tonnes a day, with records renewed one after another since the beginning of November, the National Development and Reform Commissio