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 Copper Is Heading To $30 And Silver To $200 | Craig Parry

Mako Mining Q3 Earnings: The Transitional Quarter

B2Gold Q3 Earnings: Goose Troubles Cloud The Narrative

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

Renewable Energy Beats Out Coal in US Energy in 2022

The United States produced and consumed more electricity from renewable energy than coal for the...

Wednesday, April 5, 2023, 11:08:47 AM

G-7 Economies Agree to Phase Out Financing for Coal Projects, Fossil-Fuel Subsidies

The Group of Seven have decided to begin phasing out financing for coal projects as...

Monday, May 24, 2021, 12:56:00 PM

Glencore Cuts Cerrejon Coal Production As Prices Hit Three-Year Low

Glencore Plc (LON: GLEN) announced on Tuesday it will reduce coal production at its Cerrejon...

Thursday, March 27, 2025, 03:47:00 PM

Poland’s Foreign Minister Demands Germany Pay $1.3 Trillion for WW2 Reparations

Poland’s resentment towards Germany is growing. Not only did Polish Defence Minister Radek Sirkorski thank...

Monday, October 3, 2022, 06:57:21 PM

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