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 $100 Silver Right Now Would Be a Problem | Keith Neumeyer – First Majestic

Why Industrial Demand Is Changing the Silver Market | David Morgan

Gold and Silver Delivery Is Exposing the Paper Market | Andy Schectman

Recommended

Steadright To Acquire 75% Interest In Moroccan Copper-Lead-Silver Project

Nations Royalty Names Derrick Pattenden As President And CEO

Related News

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

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

Poland Also Wants Canadian LNG Exports, But Trudeau Won’t Budge

In a recent interview with CTV’s Question Period host Vassy Kapelos, Polish President Andrzej Duda...

Monday, April 29, 2024, 12:53:00 PM

Activists Use Parkour Skills To Turn Off Lights In Paris

In Paris, groups of activists — the leaping, bounding, and wall-scaling sort — have found...

Tuesday, October 18, 2022, 04:26:00 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