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 Silver’s Next Move May Be Built on a Much Stronger Base | Mani Alkhafaji – First Majestic Silver

Guanajuato Silver Q1 Earnings: They Finally Post Positive Net Income

We’re in a New Era of Gold Price Discovery | Ryan King – Equinox Gold

Recommended

Mercado Minerals Drills 1,120 g/t Silver Equivalent Over 1.20 Metres At Copalito

Goliath Resources Targets Expansion, Motherlode Source in 50,000 Metre Surebet Drill Program

Related News

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

Coal Prices Bolstered By European Energy Crisis

So far, the year 2022 in the investment world may be best described as an...

Saturday, June 25, 2022, 03:05:00 PM

Adani Group Caught Overinflating Coal Prices

The Adani Group, a powerful conglomerate with deep political connections in India, has come under...

Friday, October 13, 2023, 12:58:00 PM

Poland to Send Troops to Ukraine for Counter-Drone Training After Airspace Violations

Poland will send military personnel to Ukraine for counter-drone warfare training, officials announced Wednesday, following...

Friday, September 12, 2025, 12:34:00 PM

Anglo American Faces Months-Long Shutdown at Major Coking Coal Project

Anglo American Plc‘s (LON: AAL) Grosvenor underground mine in Queensland, Australia, has been halted due...

Wednesday, July 3, 2024, 09:42:35 AM