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 the Market May Be Misreading Iran | David Woo

Why US Fertilizer Supply Could Matter a Lot More Now | Pat Varas – Sage Potash

Roscan Gold: Mali Discount Hits Kandiole PEA

Recommended

First Majestic Tracking Ahead Of Guidance Following Q1 Production Results

Canadian Gold Drills 19.5 g/t Gold Over 1.0 Metre At Lac Arsenault

Related News

Teachers’ Union Voted To Divest US$255 Billion Of Retirement Fund Away From Coal, Oil & Gas As Energy Prices Soar

As energy prices continue to soar, some energy companies are expected to feel the symbolic...

Thursday, July 21, 2022, 04:29:00 PM

India Using Asian Currencies Instead of Dollar to Buy Russia’s Coal

The West’s campaign in choking Russia’s economy from the rest of the world appears to...

Sunday, August 14, 2022, 11:04:00 AM

Looks Like Donald Trump Might Have Been Right About Germany Becoming “Totally Dependent” On Russian Energy

At the United Nations General Assembly on September 25, 2018, then-US President Donald Trump attempted...

Monday, August 29, 2022, 12:52:00 PM

EPA Expected To Mandate Coal, Gas-Fired Power Plants Install Carbon Capture

According to media reports, U.S. President Joe Biden plans to introduce unprecedented greenhouse gas emission...

Monday, April 24, 2023, 06:17:00 AM

China Is Reselling Russian LNG To Europe As Economic Slump Leaves It With A Surplus

Energy-strapped Europe has been importing some of its liquefied natural gas (LNG) from China, with...

Thursday, September 1, 2022, 03:44:00 PM