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Europe asks Russia for additional coal supplies – Bloomberg
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European gas storage facilities are only partially filled and renewable energy sources cannot meet the demand.
Electricity producers in Europe have asked Russia for additional coal supplies. About it informs Bloomberg Thursday, September 30.
At the moment, European gas storage facilities are only partially filled, and renewable energy sources are unable to meet the demand.
“If all European utilities switch to coal, it will lead to a huge surge in demand for coal, which Russia itself cannot provide in such a short time,” said chief analyst at Wood Mackenzie Ltd. in Houston Natasha Tyurina.
Tyurina added that this would require supplies from other countries, for example, from the United States, but the situation there is similar to the situation in other countries.
In addition, European countries’ reliance on fossil fuels to keep their economies running makes negotiations on climate issues much more difficult, as COP26 in Glasgow is just weeks away.
Recall that earlier the price of coal in Europe peaked in 13 years… The rise in the cost of coal is due to a sharp rise in the price of gas – demand from power plants and utilities has grown.
It was also reported that the price of gas in Europe approached $ 1200… Natural gas prices continue to rise amid record low inventories in Europe ahead of the start of the heating season.
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