US Coal Exports
Exports Economic Contributions Report
Jun 29 2017

Trump seeks to project global power through energy exports

Posted in All News, Europe

U.S. President Donald Trump on Thursday launched what he called a “golden era” of energy policy seeking to assert power abroad through a boost in natural gas, coal and petroleum exports.

In a policy Trump calls “energy dominance,” he rebranded efforts to export liquefied natural gas (LNG) to markets in Eastern Europe and Asia that had been set in motion during the previous administration.

The United States also will offer to export coal to Ukraine, where energy consumers have suffered from cuts in natural gas supply by Russia.

“We are here today to unleash a new American energy policy,” Trump said at an event at the Department of Energy attended by oil and coal executives and union members who build pipelines. “We will export American energy all around the world.”

After decades of being a major importer of natural gas, the United States is set to become a net exporter of gas by 2018 thanks to the boom in fracking in states like Texas and Pennsylvania.

Trump plans to promote U.S. natural gas exports at a meeting next week in Warsaw with a dozen leaders from central and eastern Europe, a region heavily reliant on Russian supplies.

As the United States aims to boost LNG exports, it will compete for markets with Australia, Qatar and Russia, which are also major producers of gas.

While many of Trump’s opponents have said the plan to pull the United States out of the 2015 Paris Agreement on climate has the potential to harm the country’s relations around the world, Energy Secretary Rick Perry said at the event that energy exports will strengthen ties with allies.

The United States is in a position “to be able to clearly create a hell of a lot more friends by being able to deliver to them energy and not being held hostage by some countries, Russia in particular,” Perry said.

Whether it is sending LNG to Poland or Ukraine, “the entirety of the EU totally get it that if we can lay in American LNG … we can be able to have an alternative to Russia,” for natural gas sales to Europe, Perry said.

Earlier this month, Cheniere Energy Inc delivered the first U.S. cargoes of LNG to Poland and the Netherlands.

Trump announced plans to offer coal exports to Ukraine, as well as lift restrictions on U.S. lending for coal projects overseas.

“Ukraine already tells us they need millions and millions of metric tons (of coal). Right now, there are many other places that need it too and we want to sell it to them and to everyone else all over the globe who need it,” Trump said.

The Trump administration will launch a review of the ailing nuclear power industry, which has experienced a slew of closures due to stagnant electricity demand and low natural gas prices. Trump’s 2018 budget included $120 million for addressing nuclear waste at Nevada’s Yucca Mountain and other projects, but most of the state’s politicians oppose that project.

In addition, the State Department issued a permit for a NuStar Logistics LP for its New Burgos Pipeline oil product pipeline from the United States to Mexico with a capacity of up to 180,000 barrels per day.

See article here.

  • “The fact that we’re no longer in the age of energy scarcity – that we’re in the age of energy abundance – positions the United States in a totally different place. This gives access to affordable, reliable energy in the United States, and gives the U.S. a major competitive advantage.”
    – Dave Banks, Special Assistant to President Donald Trump for International Energy, June 2017
  • “It is in the national interest to promote clean and safe development of our Nation's vast energy resources, while at the same time avoiding regulatory burdens that unnecessarily encumber energy production, constrain economic growth, and prevent job creation. Moreover, the prudent development of these natural resources is essential to ensuring the Nation's geopolitical security.”
    – Executive Order on Promoting Energy Independence and Economic Growth, March 28, 2017
  • “Historically, U.S. companies seeking to expand their revenues focused first on increasing their number and share of U.S customers. For years, this focus served as a winning strategy for many of the most successful U.S. companies. Today, global economic trends make clear that successful companies are those that reach and sell to consumers outside U.S. borders and around the globe.”
    — 2011 National Export Strategy, U.S. Trade Promotion Coordinating Committee
  • “Federal regulatory agencies should not require climate change studies in the course of their permitting processes for proposed facilities. Coal will be consumed around the world regardless of U.S. trade policy. The only question is whether the coal is produced here in North America, where environmental standards are high, or elsewhere.”
    — U.S. Senator Lisa Murkowski, January 7, 2014
  • “At present 19% of the world’s population, 1.3 billion people, lack access to electricity and on New Policy Scenario projections there will still be 1 billion people without such access in 2030. To meet the UN Millennium Development Goal of eradicating extreme poverty by 2015, 395 million more people need access to electricity. There is a strong correlation between electrification and improvement in the United Nations’ Human Development Index.”
    — International Energy Agency, Coal Industry Advisory Board
  • “Access to electricity is strongly correlated with every measurable indicator of human development”
    — Berkeley Science Review, 2008

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