The EU ban, which came into effect on August 10, also prevents EU operators from providing auxiliary services such as financing to Russian coal suppliers and other shipments originating in Russia.

Although Russian coal exporters largely redirected shipments to Asia in an attempt to avoid the effects of the impending ban before it came into force, they continued to insure and reinsure their shipments with EU providers, whom they are no longer capable of relying on. These exporters will likely incur time-based and financial costs as they seek new insurance providers to work with.

With Russia controlling about 17% of global shipments, coal supplies are expected to be placed in jeopardy, particularly with an array of countries relying on Russian coal. Dmitry Smolin, an analyst at Sinara Investment Bank, expects that this will lead to a global price increase for coal as well as alternative energy sources such as LNG.

The post Russian Coal Exports Effectively Halted By EU Ban appeared first on theprimarymarket.com.

“In order to ensure security of supply, we also have to change the delivery routes. This requires very demanding logistics, which makes it necessary to prioritize energy transport by rail,” economy minister Robert Habeck said of the situation.

As Russian pipeline gas imports remain low, coal and oil are being prioritized in the production of energy, making the efficient transportation of these materials essential. Coal and oil have also become widely used as gas substitutes in the fuel manufacturing process.

The law prioritizing railroad transportation will remain in effect for six months in order to help Germany provide sufficient energy and heating to its citizens during the coming winter months.

DB Netz, the network operator arm of Deutsche Bahn, is prioritizing the passage of trains carrying mineral oil and coal products used for energy production. Other materials used in energy production and power transmissions such as gas and transformer equipment will also be prioritized over passenger trains and transportation of non-energy-related goods.

The post Germany Looks to Railways for Energy Transport Amid Shallow Rhine appeared first on theprimarymarket.com.

Data released by the General Administration of Customs on Saturday revealed that China had imported 7.42 million tonnes of Russian coal in July, thereby exceeding the 6.49 million tonnes in July 2021.

With the European ban on Russian coal coming into effect on 11 August, Russia has had to shift its focus to markets such as China and India, offering significant discounts in an effort to outprice competitors.

Aside from Russia, China also looked toward Indonesia’s cheap, low-quality thermal coal. The country imported 11.7 million tonnes of Indonesian coal in July, a 22% rise from June albeit a 40% slump from last year.

China has been working to reduce its imports in recent months amid a rise in local output. Still, southern China power plants continue to target Indonesian imports as they remain more affordable than domestic coal.

The post China’s July Coal Imports From Russia Hit 5-Year High appeared first on theprimarymarket.com.

The EU ban, which came into effect on August 10, also prevents EU operators from providing auxiliary services such as financing to Russian coal suppliers and other shipments originating in Russia.

Although Russian coal exporters largely redirected shipments to Asia in an attempt to avoid the effects of the impending ban before it came into force, they continued to insure and reinsure their shipments with EU providers, whom they are no longer capable of relying on. These exporters will likely incur time-based and financial costs as they seek new insurance providers to work with.

With Russia controlling about 17% of global shipments, coal supplies are expected to be placed in jeopardy, particularly with an array of countries relying on Russian coal. Dmitry Smolin, an analyst at Sinara Investment Bank, expects that this will lead to a global price increase for coal as well as alternative energy sources such as LNG.

The post Russian Coal Exports Effectively Halted By EU Ban appeared first on theprimarymarket.com.

“In order to ensure security of supply, we also have to change the delivery routes. This requires very demanding logistics, which makes it necessary to prioritize energy transport by rail,” economy minister Robert Habeck said of the situation.

As Russian pipeline gas imports remain low, coal and oil are being prioritized in the production of energy, making the efficient transportation of these materials essential. Coal and oil have also become widely used as gas substitutes in the fuel manufacturing process.

The law prioritizing railroad transportation will remain in effect for six months in order to help Germany provide sufficient energy and heating to its citizens during the coming winter months.

DB Netz, the network operator arm of Deutsche Bahn, is prioritizing the passage of trains carrying mineral oil and coal products used for energy production. Other materials used in energy production and power transmissions such as gas and transformer equipment will also be prioritized over passenger trains and transportation of non-energy-related goods.

The post Germany Looks to Railways for Energy Transport Amid Shallow Rhine appeared first on theprimarymarket.com.

Data released by the General Administration of Customs on Saturday revealed that China had imported 7.42 million tonnes of Russian coal in July, thereby exceeding the 6.49 million tonnes in July 2021.

With the European ban on Russian coal coming into effect on 11 August, Russia has had to shift its focus to markets such as China and India, offering significant discounts in an effort to outprice competitors.

Aside from Russia, China also looked toward Indonesia’s cheap, low-quality thermal coal. The country imported 11.7 million tonnes of Indonesian coal in July, a 22% rise from June albeit a 40% slump from last year.

China has been working to reduce its imports in recent months amid a rise in local output. Still, southern China power plants continue to target Indonesian imports as they remain more affordable than domestic coal.

The post China’s July Coal Imports From Russia Hit 5-Year High appeared first on theprimarymarket.com.