The plant is designed to utilise 6 million tonnes of low rank coal to produce 1.4 tonnes of dimethyl ether (DME) annually, which can reduce Indonesia's LPG import by 1 million tonnes per year,

China's raw coal production increased by 4.7% to 4.07 Gt in 2021 and imports grew by 6.6% to 320 Mt,

Indonesia was expected to reach a 14.5% target of renewables in its energy mix by 2021

In 2021, China imported 513 Mt of crude oil (-5.4% compared to 2020), 27 Mt of refined products (-4%), 323 Mt of coal and lignite (+6.6%) and 121 Mt of natural gas (+19.9%),

Global hard coal production increased by more than 5% in 2021

Today, coal makes up 30% of Slovenian electricity, while nuclear from the single-unit Krško nuclear power plant is some 36%.

After small drop in 2020, global electricity demand grew by 6% in 2021. It was the largest ever annual increase in absolute terms (over 1 500 TWh) and the largest percentage rise since 2010 after the financial crisis.

China aims to boost its pumped storage capacity to 62 GW by 2025 and 120 GW by the end of the decade.

Brent crude oil spot prices averaged $71 per barrel (b) in 2021, and we forecast Brent prices will average $75/b in 2022 and $68/b in 2023.

Global coal demand may well hit a new all-time high in the next two years

Instead, the West – or at least the liberal West – has adopted the fantasy of 100% renewable energy within decades, in which both nuclear power and fossil fuels are eliminated.

Renewable generation could not replace conventional fossil and nuclear generation when there was low/no wind and solar.

The CEEAG also feature dedicated sections for aid incentivising investments in flagship areas such as energy performance of buildings, and clean mobility, covering all transport modes.

Demand for coal was particularly strong in the first half of 2021, cutting into stock levels and pushing up prices

We expect Brent prices will average $71/b in December and $73/b in the first quarter of 2022 (1Q22). For 2022 as a whole, we expect that growth in production from OPEC+, of U.S. tight oil, and from other non-OPEC countries will outpace slowing growth in global oil consumption, especially in light of renewed concerns about COVID-19 variants. We expect Brent prices will remain near current levels in 2022, averaging $70/b.