APMDC Suliyari Coal Upcoming MP MSME auction for 1,65,000 MT @SBP INR 2516/- Per MT on 3rd June , & Pan India MSME on 4th June for 2,82,000 MT@ SBP INR 2516/- Per MT

Login Register Contact Us
Welcome to Linkage e-Auctions Welcome to Coal Trading Portal

Coal news and updates

GRAPHIC-Lower European gas prices encourage switch from coal

09 Jun 2023

 

By Nina Chestney and Forrest Crellin

LONDON/PARIS, June 8 (Reuters) - Lower European wholesale natural gas prices due to swelling inventories and weak industrial demand have encouraged utilities to switch to gas from coal to generate electricity in a reversal of behaviour last year.

A surge in European gas prices to record highs caused by reduced Russia supplies after Moscow invaded Ukraine in February last year led utilities to switch to carbon-heavy coal even as the European Union (EU) seeks to meet climate targets that depend on increased use of lower carbon fuel.