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

People Don’t Want Cash. They Want Physical Silver. | Glenn Jessome – Silver Tiger

The Monetary System Is Cracking – Gold Is the Pressure Valve | Ross Beaty – Equinox Gold

Heliostar Metals: The Cerro del Gallo PFS

Recommended

Silver47 Reports Discovery Of FOMO Zone At Red Mountain After Sampling 1,793 g/t Silver Equivalent

When A Shut-Down Mine Starts Making Sense Again | Selkirk Copper

Related News

Peabody Energy: Coal Miner Expected To Launch Buybacks, Dividend Program

On February 14, the U.S. and Australia-based coal mining company, Peabody Energy Corporation (NYSE: BTU),...

Sunday, February 19, 2023, 09:00:00 AM

China Coal Output Set to Rise for 9th Year Despite Green Push

China’s coal production is expected to increase by 1.5% in 2025, marking its ninth consecutive...

Friday, January 10, 2025, 02:53:00 PM

US Coal Prices Soar to 12-Year High as Energy Crisis Deepens

The price of coal hit the highest in more than a decade, further adding to...

Tuesday, November 16, 2021, 10:13:00 AM

Iron Ore And Metallurgical Coal Are Counterintuitively Moving In Wildly Diverging Directions

In one of the most surprising steel-related commodities markets ever, the price of one key...

Monday, September 20, 2021, 04:46:00 PM

Poland’s Foreign Minister: Time to Ditch the Euro?

It appears that some EU member countries are calling the bluff on the euro, arguing...

Tuesday, August 23, 2022, 04:16:00 PM