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Ukraine's January-through-November coal imports reach over $2B


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Ukraine's January-through-November coal imports reach over $2B

Ukraine's coal imports from January through November in monetary terms reached $2.43 billion, the bulk of which came from Russia, the UNIAN Information Agency reported Dec. 15, citing the State Fiscal Service of Ukraine.

Imports from Russia accounted for 56.4% of total supplies for $1.37 billion, followed by the U.S. at 24.8% for $603.8 million and Canada at 6.2% for $149.9 million.

Coal imports from other countries were estimated at $30.7 million in total, the report said.

The increase in imports was attributed to a supply shortage since summer 2014, when the government lost control over some areas in Donbas with coal mines.

This year, giant power companies DTEK Energy LLC and Centrenergo have contracted anthracite from South Africa and the U.S., respectively.

Ivan Glasenberg, CEO and executive director of Anglo-Swiss mining company Glencore Plc, said on a Dec. 12 special call that demand for seaborne thermal coal is decreasing in Europe and unless the U.S. can help develop new markets in eastern European countries such as Ukraine and Poland, demand in the region could continue to decline, limiting export options in the future.