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

Moon River Moly: The Davidson Moly-Copper-Tungsten PEA

Integra: The DeLamar Heap Leach Feasibility Study

Highlander Silver: The Saviour Of Bear Creek Mining

Recommended

Japan Gold Intersects Gold Mineralization Drilling At Mizobe, Encounters Banded Chalcedony Vein

Antimony Resources Drills 5.10% Sb Over 4.0 Metres At Bald Hill

Related News

Poland’s Central Bank Plans to Purchase 100 Tonnes of Gold

In an effort to demonstrate the country’s strength and reduce its dependence on the US...

Tuesday, March 16, 2021, 02:45:00 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

Global Coal Consumption Is Up This Year … But So Too Are CO2 Emissions

Russia’s decision to dramatically curtail natural gas supply to much of Europe in 2022 has...

Tuesday, November 29, 2022, 07:27:00 AM

Russia Isn’t Playing Games: Poland, Bulgaria Have Gas Supplies Cut for Failing to Pay in Rubles

It turns out Russia was serious about receiving payments for energy shipments in rubles from...

Wednesday, April 27, 2022, 05:01:00 PM

Impending U.S. Supreme Court Ruling Could Affect Coal Industry — and Even the Electric Vehicle Industry

One of the most consequential environmental court cases in years is ripe for a decision...

Saturday, April 16, 2022, 09:00:00 AM