US Coal Exports
Exports Economic Contributions Report
Sep 28 2017

Polish Exporter to Fill Domestic Coal Hole with US Imports (Reuters)

Posted in All News, Europe

Polish Exporter to Fill Domestic Coal Hole with US Imports

A domestic coal shortage has forced Poland’s largest coal exporter Weglokoks to order a shipment from the United States so that it can honor contracts with its overseas buyers.

Weglokoks said on Wednesday that it plans to resell the imported US coal abroad, mostly to the Czech Republic, Slovakia, Hungary, Germany and Austria, but would also consider sales to customers in Poland in the future.

That would be likely to cause friction with Poland’s energy ministry, which expects the country’s utilities to buy and burn coal from domestic mines.

“We want the energy security in Poland to be guaranteed by Polish coal production,” Energy Minister Krzysztof Tchorzewski told Reuters on Wednesday following the news from Weglokoks.

Poland’s biggest coal mining firm PGG, which was saved from bankruptcy last year, is struggling to meet demand from its major clients – mostly state-run listed utilities, after cost-cutting led to lower investment.

Weglokoks, which is one of PGG shareholders as well as one of its clients, sees its coal exports at around 2.5-million tonnes this year down from four-million tonnes in 2016.

“The fall results from a bigger demand on the domestic market, which has led to a limited access to coal for export,” Weglokoks spokesperson said in an e-mail.

The first test shipment from the US of 75,000 tonnes of high-energy coal is expected to arrive in Poland in mid October, Weglokoks said, adding that it does not rule out more cargoes, also from Kazakhstan and Colombia.

Poland’s Rzeczpospolita newspaper, which was first to report Weglokoks plans to import US coal, said that the exporter is in advanced talks with Polish utilities, including the biggest power producer PGE on potential coal sales.

The Weglokoks spokesman declined to comment on this.

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

Count on Coal

National Mining Association

Twitter Logo

facebook Logo