In Poland, People Are Lining Up For Days To Stock Up On Coal For The Winter

Dozens of cars and trucks are lining up at the Lubelski Wegiel Bogdanka coal mine in Poland, many of them waiting for days and nights, to stock up on heating fuel ahead of winter. 

3.8 million households in Poland use coal for heating. These households, like many of Europe’s, are facing shortages and price hikes, following the country’s ban on Russian coal in April after Moscow’s unprovoked invasion of Ukraine in late February. 

The Central European country produces more than 50 million tons of coal from its own mines yearly, and typically sells mostly to powerplants. Its households generally rely on imported coal, much of it from Russia, because of the lower prices and because the quality is more suitable for home use.

Last year, 8 million of the 12 million tons imported from Russia were used by households and small heating plants.

Unlike the European Union’s Russian coal embargo which took effect in August, Poland’s ban went into immediate effect, resulting in shortages.

Back in July, Poland ordered two state-controlled companies to buy 4.5 million tons of the fuel from other, faraway producers in South Africa, Indonesia, and Colombia to supply households. In August, the government introduced a subsidy scheme that allows each household to apply for one-time assistance worth 3,000 zlotys (US$634) to help pay for coal after it failed to cap retail prices.

Via Financial Times

Information for this briefing was found via Financial Times, Reuters, and the sources and companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Silver’s Drop May Not Mean the Bull Market Is Over | Peter Krauth

The Gold Trade Is Shifting From Margins to Growth | Geordie Mark – Blue Jay Gold

CopAur Minerals – This PEA Has A Mine Life of What?!

Recommended

Silver47 Starts 10,000 Metre Campaign at Flagship Alaska Silver Project

Blue Jay Gold Launches 16,000 Metre Drill Program At Steller

Related News

Polish Central Bank Continues Gold-Buying Spree, Ups Holdings to 420 Tons

Poland has expanded its gold reserves to 420 tons, surpassing Britain’s holdings and positioning itself...

Monday, November 18, 2024, 03:48:00 PM

Global Coal Consumption Is Up This Year … But So Too Are CO2 Emissions

Russia’s decision to dramatically curtail natural gas supply to much of Europe in 2022 has...

Tuesday, November 29, 2022, 07:27:00 AM

Coal Prices Bolstered By European Energy Crisis

So far, the year 2022 in the investment world may be best described as an...

Saturday, June 25, 2022, 03:05:00 PM

Poland Deploys Troops to Eastern Border Amid Accusations of Belarusian Airspace Violation

Poland has taken swift action by deploying troops to its eastern border following allegations that...

Wednesday, August 2, 2023, 12:50:00 PM

Poland to Send Troops to Ukraine for Counter-Drone Training After Airspace Violations

Poland will send military personnel to Ukraine for counter-drone warfare training, officials announced Wednesday, following...

Friday, September 12, 2025, 12:34:00 PM