Tuesday, August 22, 2017

As US Coal Exports Swell, Trump Admin Facilitates Major Deal with Ukraine

Export levels of coal produced in the U.S. shot up earlier this year, as President Donald Trump assumed the White House, in what his administration has dubbed the age of “energy dominance.”


Export levels of coal produced in the U.S. shot up earlier this year, as President Donald Trump assumed the White House, in what his administration has dubbed the age of “energy dominance.” (Image Credit: U.S. Embassy in Ukraine) Click to Enlarge.
For the first quarter of 2017, export levels grew 58 percent compared to the same quarter last year, according to the U.S. Energy Information Administration. The news comes as the Trump administration recently helped broker a major coal export deal between Pennsylvania-based coal production company Xcoal Energy and Ukranian company Centrenergo PJSC. 

That deal, which will see 700,000 tons of thermal coal shipped from XCoal's mines to Centrenergo power plants in Ukraine, was applauded by both U.S. Secretary of Energy Rick Perry and U.S. Secretary of Commerce Wilbur Ross.

Although Trump's presidential campaign is under scrutiny for its potential connections to Russian operatives, Ross praised the coal deal in the name of fending off Kremlin influence.

“Today’s announcement 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,” Ross stated in a press release.  “In the past, Russia has tried to choke off opposition to its ambitions by restricting the flow of natural gas to its western neighbors.”

Perry also lauded the deal as a way of beating back Russian energy dominance in that region. Russian-backed separatist rebels currently occupy Ukraine's coal-rich region and have commandeered the mines, making coal extraction in the area currently untenable. 

“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,” stated Perry.  “The United States can offer Ukraine an alternative, and today we are pleased to announce that we will.  U.S. coal will be a secure and reliable energy source for Centrenergo and its electricity customers.”

According to the joint Commerce Department/Energy Department press release, shipments of coal to Ukraine will begin in late August and early September in time to stockpile for the winter season.  Those shipments, according to Kyiv Post, will come mostly via the Port of Baltimore.

Read more at As US Coal Exports Swell, Trump Admin Facilitates Major Deal with Ukraine

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