US Coal Exports
Exports Economic Contributions Report
Jul 31 2017

US Officials Tout Coal Deal with Ukraine (SNL)

Posted in All News, Europe

US officials tout coal deal with Ukraine

Federal government officials touted news that a Ukrainian state-owned power generation company will purchase U.S. thermal coal ahead of the upcoming winter.

The state-owned Centrenergo PJSC awarded a contract to Xcoal Energy & Resources to supply an unspecified amount of coal for arrival in late August or early September to stockpile for the winter heating season. According to the release, multiple U.S. government agencies and offices, including the U.S. Department of Commerce, were involved in the deal, and the partnership arose from a desire to diversify Ukraine’s energy supply.

“In today’s turbulent world, geopolitical turmoil can create uncertainty for nations without access to an abundance of their own natural resources,” said Energy Secretary Rick Perry in the release. “No one knows this more than Ukraine. 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.”

Perry added that the Trump administration will seek ways to make additional domestic resources available to allies and partners. Xcoal is among the largest coal exporters in the United States, with a core business centered on exporting hard coking coals from Appalachia coal mines.

Ukraine has faced coal supply shortage issues in the past that have led to a power crisis. Ukraine generators have considered other sources of coal, including the U.S., as coal-rich regions were affected by political conflict.

The country recently unveiled reform to coal policies that would streamline the sector and close unprofitable state-run mines. President Donald Trump and administration officials have mentioned Ukraine’s potential need for U.S. coal multiple times since Trump took over the White House.

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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