US Coal Exports
Exports Economic Contributions Report
Jul 31 2017

Trump Officials Hail Coal Export Deal with Ukraine (The Hill)

Posted in All News, Europe

Trump officials hail coal export deal with Ukraine

Trump administration officials are hailing a Pennsylvania coal company’s contract to export hundreds of thousands of tons of coal to Ukraine.

Xcoal Energy & Resources inked the deal to ship 700,000 tons of thermal coal — used to produce electricity — to Ukraine by the end of the year for use by Centrenergo PJSC.

The deal, which came about in part due to help from the Trump administration and the Ukrainian government, fits with President Trump’s goal of using energy exports as a geopolitical tool as well as Ukraine’s efforts to reduce Russia’s control over energy among its neighbors.

“In recent years, Kiev and much of Eastern Europe have been reliant on and beholden to Russia to keep the heat on. That changes now,” Energy Secretary Rick Perry said in a statement. “The United States can offer Ukraine an alternative, and today we are pleased to announce that we will.”

Commerce Secretary Wilbur Ross added that the agreement “will allow Ukraine to diversify its energy sources ahead of the coming winter, helping bolster a key strategic partner against regional pressures that seek to undermine U.S. interests.”

Xcoal President Ernie Thrasher traveled to Ukraine for the announcement.

“The U.S. coal will replace Russian origin coal at existing thermal power plants, i.e., energy security and diversification,” he said in a statement.

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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