BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber (https://pmc.platts.com), Please navigate to Platts Market Center to reset your password.

In this list
Coal

IHS CERA 2015: Xcoal announces venture to export LNG

Oil

Canada’s crude oil competitiveness in question as Parliament considers key legislation

Shipping | Marine Fuels

Platts Bunkerworld

Asia Pacific Petroleum (APPEC)

Coal

US miner Warrior Met Coal produced 1.93 mil over Q2: MSHA

IHS CERA 2015: Xcoal announces venture to export LNG

Highlights

Daily pricing for tons and allowances for SO2 and NOx emissions

The exclusive Platts OTC Broker Index, a market assessment compiled from three of the largest and most respected coal brokers

What happened in yesterday's OTC markets, and why

An analysis of coal price trends in all major U.S. producing areas

Details of how major coal companies are trading in the financial markets

Coverage of mine openings, closings, production

Reports on who's in the market for coal

Houston — Prominent coal trader Xcoal plans to develop an LNG export business that would complement its existing coal marketing business, CEO Ernie Thrasher said Wednesday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Speaking at a IHS CERAWeek briefing in Houston, Thrasher said the new venture -- XLNG Energy & Resources -- would take advantage of Xcoal's existing global coal business, considering that many of its coal customers are also consumers of LNG.

Much of Xcoal's export coal is produced in the Marcellus and Utica areas of the US, and "we believe the same thing can be true for unconventional gas produced in that area and exported as LNG," he said.

"We see the gas and LNG market strikingly parallel with what we've seen in the coal market," Thrasher said.


Thrasher said he hopes the venture would be up and running by 2016 or 2017.

He said he expects the development of LNG export infrastructure in the US will be a challenge, especially considering the coal industry has been growing its infrastructure since the mid-1800s.

"You're just at the front of that in the gas business," Thrasher said.

Despite the announcement, Thrasher urged people "not to start writing the eulogy of US coal."

--Elizabeth Bassett, elizabeth.bassett@platts.com
--Jason Lindquist, jason.lindquist@platts.com
--Andrew Moore, andrew.moore@platts.com