Coal-fired power as a security backstop in Europe’s grid
December 16, 2025
The NSR remains oil- and LNG-dominated, with coal just a ~2.85% sliver of 2024 cargoes. Even so, Russia tested coal flows to China via the NSR in 2024 (≈316 kt from Ust-Luga/Murmansk), proving a seasonal pathway for eastbound bulk. Near-term expansion is constrained by sanctions and project slippage, notably the Syradasayskoye coking coal startup pushed to 2025 and limited ice-class […]
