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

Silver Is in a New Price Regime, and the Market Isn’t Used to It | Keith Neumeyer – First Majestic

Agnico Eagle Just Made a Massive Gold Land Grab

A Copper-Gold Deposit Caught the White House’s Attention | Rob McLeod – Cambria Gold

Recommended

Antimony Resources Drills 4.38% Sb Over 7.05 Metres At Bald Hill In Final Hole Of 2025 Program

Kirkland Lake Drills 121 Metres Of 1.01 g/t Gold At Mirado

Related News

Ifo Dip Shows Germany Is On Track For A Recession; Energy Prices Edge Closer To €700 per MWh

Germany’s in for a bitter winter. For Europe’s largest economy, it seems that the question...

Monday, August 29, 2022, 04:34:00 PM

Fundamentals of Thermal Coal, Generally a Hated Commodity, Continue to Look Positive

The fundamentals for one of the world’s most scorned commodities, thermal coal, continue to improve,...

Monday, April 25, 2022, 03:35:00 PM

Bye Wind, Hello Coal: German Windmills Will Be Taken Down To Give Way To A Coal Mine

Eight wind turbines are about to be dismantled to make way for a planned Garzweiler...

Wednesday, October 26, 2022, 10:47:07 AM

Farm-To-Road: Wave Of Farmer Protests Spreads Across Europe

Amid the seemingly worldwide rising inflation – which started with the effects of the pandemic...

Saturday, July 9, 2022, 05:10:00 PM

Big Coal? U.S. Supreme Court Rules That The Biden Admin Does Not Have the Power to Regulate Climate Change

The U.S. Supreme Court continues to issue landmark decisions which will dictate major changes in...

Sunday, July 3, 2022, 03:19:00 PM