Top U.S. Coal Exporter Plans to Export Marcellus Shale Gas

Xcoal Energy & Resources is the largest exporter of coal in the United States. But Xcoal’s CEO, Ernie Thrasher, says coal is in decline and natural gas is ascending. So Thrasher is forming a new company: XLNG Energy & Resources. Thrasher hopes to begin exporting LNG from the Marcellus/Utica no later than 2018. Which is an interesting boast, given the only way to export (so far) would be the as yet uncompleted Cove Point, Maryland plant being built by Dominion. However, 100% of the LNG exporting from that plant is already spoken for. So what is Thrasher thinking?…

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