From the team here at London Commodityexness News, we would like to wish all our readers a Merry Christmas and a prosperous New Year. Thanks for all your support in 2015!

At the end of last week, the last deep coal mine in the U.K. and one broker exness indonesiaof the three remaining ones in Germany closed forever. It seems symbolic, of course, in light of the new Paris climate agreement and Europe’s role as the global leader in sustainable, no-carbon energy, but the mines aren’t closing because of the green energy transition. The coal era is far from over in Europe, and the U.S. shale revolution is largely to blame for that. The European Union still produces about a quarter of its electricity from coal. Germany, the continent’s largest economy and its biggest producer of wind and solar energy, generates 45 percent of its electricity from different kinds of coal. In the U.K., the share of coal in the energy mix is still above 20 percent, though renewable energy has overtaken it.

For years, U.S. gas companies looking to export liquefied natural gas dreamed of a booming Asia. Now, with demand there falling and the first shipment weeks away, Europe has emerged as the unlikely savior. European gas production is down and countries there want to get more of the heating and power plant fuel from places other than Russia –- a major supplier, but one that’s brought plenty of headaches.