The cost of coal mined in Europe has grown to a record level since 2008, Bloomberg reports. According to the agency, the price of fuel in the ports of Rotterdam, Amsterdam and Antwerp (CIF ARA) rose by 2.6% and reached $ 137 per metric ton.
Bloomberg writes that prices are growing against the background of low reserves in repositories and high demand from the power plants: European utilities are forced to go to coal against the background of rapid growth in gas prices. The situation also aggravates the decline in coal supplies from Australia, South Africa, Colombia and Russia.
Gas stock prices in 2021 increased more than three times against the background of the proposal deficiency, reminds the agency. An particularly sharp jump in the price of analysts was noticed on Monday, September 20. Expert Saxo Bank Ole Hansen in a conversation with the agency then noted that the “Gazprom” refusal could book additional capacity for gas transit to Europe through Ukraine. Last week, more than 40 deputies of the European Parliament called on to investigate the “possible manipulation of the market” by Gazprom because of a sharp rise in price of fuel.