The government’s coal reference price (or HBA) hit a new record this year due to rising demand as key markets particularly China have started to recover from the impact of the pandemic.
Coal miners and traders said that price of coal would remain strong in the second semester as the high demand is expected to continue from importing nations of China, India, Japan, South Kora, Taiwan and countries in Southeast Asia region.
Many Indian companies reportedly could no longer afford buying imported coal due to the soaring price although India’s economy has started to recover after the recent Covid-19 lockdown.
The Ministry of Energy and Mineral Resources (MEMR) recently stated that China’s coal consumption surged while the country’s domestic coal supply lagged behind, adding that Japan and South Korea have also recorded a similar growing coal demand trend.
Given the bullish trend, the government decided to revise up the country’s coal output target in 2021from the initial plan of 550 million tons to 625 million tons, of which of the extra output of 75 million tons will be entirely dedicated for the export market.
However, the bullish price trend, as it turns out, caused domestic issue as local coal-fired power plants have to deal with limited coal supply due to lack of vessel and tug-and-barges fleet which serves domestic market.In consequences, Directorate General of Mineral and Coal recently issued a letter that put coal export sanction in place to a number of coal producers as these coal companies are considered not fulfilling the DMO to state-owned power utility company PT PLN (Persero) and PT PLN Batubara during January-July 2021 period.
The 10th annual business meeting of Indonesian Coal Producers & Buyers would explore the outlook of coal in domestic and overseas market and the trend of coal production in Indonesia in 2022. The annual business meeting would dig up the future of coal amid the rising calls for energy transition and zero emission target recently.
Day One : Monday, December 13, 2021
08.30 – 09.00 : Registration and Coffee Morning09.00 – 09.30 : Welcoming speech from conference chairman.
Why coal to remain competitive energy source in Indonesia?
09.30 – 10.00 : Keynote remarks: Government’s policy to ensure sustainable coal production and supply for domestic use.
10.00 – 11.00 : Session One: Outlook of Indonesian domestic power industry in 2022 under the new RUPTL.
10.30 – 11.00 : Coffee Break & Networking Session11.00 – 12.00 : Session Two: CEO Panel discussion on the future of coal in emerging energy transition development.
12.00 – 13.00 : Lunch
13.00 – 14.00 : Session Three: The current state and future trend of domestic coal demand.
14.00 – 15.00 : Session Four: Foreign buyers on the future role of Indonesian coal in Asia Market.
15.00 – 16.00 : Session Five: Outlook of ASEAN market
16.00 : End of Day One
Day Two: Tuesday, December 14, 2021
08.30 – 09.00 : Re-registration and Coffee Morning09:00 – 09.30 : Keynote Speech: Overview of government’s policy and roadmap on the development of transshipment port, especially for coal commodity in Indonesia.
09.30 10.00 : Opportunities and challenges in investing in the Coal-related sectors amid the rising transition energy.
10.00 – 10.30 : Coffee Break & Networking Session
10.30 – 11.30 : Session Six: Producers’ perspective on outlook of Indonesian thermal coal production
11.30 – 12.30 : Session Seven – Continued session on Producers’ perspective on outlook of Indonesian thermal coal production
12.30 – 13.30 : Lunch
13.30 – 14.00 : Session Eight – Port and Logistic challenges
14.00 – 15.00 : Session Nine – Outlook of coal mining contracting business in Indonesia with the rising of decarbonization issues.
15.00 – 15.15 : Closing Remarks from conference chairman.