https://newsletter.mw.creamermedia.com
Coal|Energy|Gas|Nuclear|Power|SECURITY|Solar
Coal|Energy|Gas|Nuclear|Power|SECURITY|Solar
coal|energy|gas|nuclear|power|security|solar

European coal prices fall below $100 for first time since 2021

18th May 2023

By: Bloomberg

  

Font size: - +

European coal fell below $100 a ton to the lowest in almost two years as a drop in power demand and gas prices curbed use of the dirtier fuel.

Power plants have been favoring gas over coal, with strong imports of liquefied natural gas boosting stockpiles and improving the region’s energy-security outlook. It’s a major change from last year, when Germany burned coal at the fastest pace in at least six years after Russia cut piped gas flows to Europe.

While renewable sources such as wind and solar are set to take a greater share of Europe’s power market this year, gas remains a major fuel for round-the-clock generation as nations such as Germany and Belgium close nuclear plants.

Month-ahead coal for import to Amsterdam, Rotterdam and Antwerp fell as much as 6.8% to $98 a ton on Tuesday. That compares with a record $459.80 set early last year.

Edited by Bloomberg

Comments

Latest News

An image showing the Kloof gold mine
Sibanye-Stillwater secures six health and safety awards
18th November 2024 By: Tasneem Bulbulia

Showroom

Klüber Lubrication
Klüber Lubrication

Klüber Lubrication ensures that the world’s essential systems—drive units, machines, and water flow—operate efficiently, sustainably, and reliably...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.094 0.213s - 127pq - 2rq
Subscribe Now