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Ukraine happy to import coal from US - Mr Poroshenko

Coal News - Published on Mon, 27 Aug 2018

Image Source: wsj.com
RT reported that Ukrainian President Mr Petro Poroshenko has once again highlighted the importance of his country's ties and economic cooperation with the US. Mr Poroshenko said that during a meeting with US National Security Advisor John Bolton.“Our trade turnover for a little more than a year has grown by 70%.No country in the world has demonstrated a similar growth. He said that “They include supplies of American coal to Ukrainian power plants, American nuclear fuel, investments into construction of a facility for nuclear waste, as well as US agricultural investments and a contract with General Electric.”

In July 2017, shortly after Poroshenko met Trump in the White House, Ukrainian state-run energy company Centrenergo announced a deal with Pennsylvania-based Xcoal Energy & Resources for the supply of up to 700,000 tons of anthracite. Kiev reportedly rejected South African coal due to its high price, while Russian coal wasn’t suitable for the country for political reasons.

This year, Kiev purchased 1,017,469 tons of anthracite from January through March, compared to 865,732 tons bought in the same period a year ago, according to data compiled by the US Energy Information Administration.

Ukraine used to be one of the world’s major producers of anthracite a coal used in power generation. However, the country faced shortages due to the ongoing conflict in eastern Ukraine, where almost all mines are located. Massive disruption was also evoked by the blockage of railways leading to the breakaway Donbass region by Kiev-backed militant groups.

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Posted By : Rabi Wangkhem on Mon, 27 Aug 2018
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