Trump camp hails firm’s deal to export Pennsylvania coal to Ukraine
The deal, potentially worth about $79 million, calls for Xcoal Energy and Resources to ship 700,000 tons of thermal coal to Ukraine to heat homes and businesses. The first shipment is expected to leave the Port of Baltimore next month at a cost of $113 per metric ton.
Energy Secretary Rick Perry said U.S. coal “will be a secure and reliable energy source” for Ukraine, which he said has been “reliant on and beholden to Russia to keep the heat on. That changes now.”
The U.S. “can offer Ukraine an alternative, and today we are pleased to announce that we will,” Perry said, calling such deals “crucial to the path forward to achieve energy dominance” for the U.S.
President Donald Trump has vowed to revive the struggling coal industry and has cited increases in U.S. coal exports as evidence the strategy is working.
The Energy Department said in July that coal exports have risen sharply in 2017 amid increased demand in Asia and Europe, but are still below capacity. ■