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More informationThe US Energy Information Administration forecasts that coal-fired generation in the United States will increase by 22% between 2020 and 2021 due to higher natural gas prices and relatively stable coal prices. This would be the first increase in coal generation since 2014. However, this rise in coal-fired generation is not likely to continue. In 2022, coal-fired generation is expected to decrease by 5% in response to continuing retirements of generating capacity at coal power plants and slightly lower natural gas prices.
The draft Power Development Plan 8 (PDP 8) of Vietnam forecasts an installed capacity of 144 GW in 2030, with coal-fired power plants accounting for 31% of the country's installed capacity in 2030. Consequently, more than 20 GW of coal-fired capacity could be installed between 2021 and 2030. Natural gas should represent 22% of Vietnam's installed capacity in 2030 and 27% in 2045 (coal should then account for 19% of the installed capacity in 2045). In addition, the proportion of non-hydro renewables will reach 26% of the capacity mix in 2030 and 42% in 2045. Hydro will account for 20% of the country's installed capacity in 2030. Vietnam plans to invest US$116bn in new power plants and power grid expansions to 2030, and US$227bn to 2045.
Iraq has entered into talks with international oil majors including Shell, BP, ExxonMobil, Lukoil and Eni, to help the country double its crude production capacity to 8 mb/d by 2027. In addition, Iraq aims to expand its export capacity by 50% to 6 mb/d by the end of 2024 and the country will invest in new infrastructure, such a new offshore pipeline. Iraq bets on an oil trading price ranging between US$75/bbl and US$80/bbl.
The Indonesian Ministry of Energy and Mineral Resources (ESDM) has released its national electricity plan (RUPTL) for the period 2021-2030. The RUPTL is a 10-year policy document set by the government for the PT Perusahaan Listrik Negara (PLN).
