Sunday, December 7, 2025

Latest

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

Guanajuato Silver: Q3 Results Overshadowed By Silver Ripping

I Went to See the Highest Grade Silver on Earth | Nord Precious Metals

DPM Metals: Discovery To Feasibility In 36 Months!

Recommended

Emerita Resources Awards Contract For Pre-Feasibility Study On Iberian Belt West Project

Selkirk Copper Appoints Two Members Of Selkirk First Nation To Leadership Team

Related News

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

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

Switzerland And Finland Announce Credit Support For Energy Companies

Switzerland and Finland on Tuesday announced that they will be providing credit facilities to help...

Wednesday, September 7, 2022, 03:01:00 PM

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

Eastern Europe Central Banks Lead Global Gold-Buying Spree

Eastern European central banks are ramping up gold purchases, with Poland leading global acquisitions as...

Saturday, November 30, 2024, 09:07:00 AM