Coal imports to Europe rising rapidly

Due to the rapid increase in gas prices, also in the wake of the Ukraine crisis, the import of coal to Europe is increasing significantly. According to calculations by shipbroker Braemar ACM, imports increased by more than 55 percent in January compared to the same month last year. The main reason is that coal has become cheaper compared to gas. As a result, more coal-fired power plants are producing electricity, while the use of gas-fired power plants is being reduced. The International Energy Agency (IEA) expects gas consumption in Europe to fall by 4.5 percent this year. The comparatively mild winter so far could also play a role in this.

Continue reading now

Get 30 days of free access to the Decision Brief to read these and more quality news every day.

Are you already a guest at the Europe.Table? Log in now


    ITRE wants to increase efficiency target to 14.5 percent
    Michel: Possible breakthrough in EU accession process of North Macedonia
    EU MEPs vote in favor of Croatia’s euro accession
    “Lugano Declaration” on the reconstruction of Ukraine signed