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Europe Asking Russia for More Coal Is Set for Disappointment

  • Russia can only marginally increase sales at short notice
  • Nation ships most of its coal to Asia as Europe shuns the fuel
Excavations at Mechel PJSC's Krasnogorsky Coal Mine
Photographer: Andrey Rudakov/Bloomberg

It’s not just extra natural gas that Europe’s struggling energy markets are finding tough to get from Russia.

Power producers in the continent are being forced to ask Russia for more coal to ease an energy crunch with winter approaching and record-high gas prices denting profitability, according to officials at two Russian coal companies. But they may be left stranded as any increase in exports from the country won’t be substantial, they said.