27-07-2022, 03:32 PM
July 27, 2022
4:11 AM GMT+8
Last Updated 11 hours ago
By Jonathan Saul
LONDON, July 26 (Reuters) - European buyers have had to temporarily set aside green aspirations in a rush for coal as the region’s energy crisis deepens, ramping up shipments from Australia, South America, Colombia and South Africa while tightening the global market.
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Russia supplies 70% of all Europe’s thermal coal imports, which is used in power generation, but that supply has to be replaced from mid-August when an EU ban on Russian coal imports comes into force.
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imports of thermal coal from the 27 member EU bloc plus the UK will be 43% higher by next year versus this year, and this will result in an additional 10 million tonnes of CO2 released into the atmosphere.
......
Certain grades of Russian coal have been favoured by European buyers. Producers such as Australia, the United States, Colombia and South Africa can supply those grades but might not be able to fully fill the gap due to domestic demand and global competition for supplies.
https://www.reuters.com/business/energy/...022-07-26/
4:11 AM GMT+8
Last Updated 11 hours ago
By Jonathan Saul
LONDON, July 26 (Reuters) - European buyers have had to temporarily set aside green aspirations in a rush for coal as the region’s energy crisis deepens, ramping up shipments from Australia, South America, Colombia and South Africa while tightening the global market.
......
Russia supplies 70% of all Europe’s thermal coal imports, which is used in power generation, but that supply has to be replaced from mid-August when an EU ban on Russian coal imports comes into force.
......
imports of thermal coal from the 27 member EU bloc plus the UK will be 43% higher by next year versus this year, and this will result in an additional 10 million tonnes of CO2 released into the atmosphere.
......
Certain grades of Russian coal have been favoured by European buyers. Producers such as Australia, the United States, Colombia and South Africa can supply those grades but might not be able to fully fill the gap due to domestic demand and global competition for supplies.
https://www.reuters.com/business/energy/...022-07-26/
