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OIL AND GAS
U.S. part of energy security strategy, Ukraine says
by Daniel J. Graeber
Washington (UPI) Sep 8, 2017


Cooperation with the United States on energy security will help Ukrainian efforts to reduce its dependency on Russia, the envoy to the United States said.

Valeriy Chaly, the Ukrainian envoy to the United States, said collaborative efforts with Holtec International, which has headquarters in New Jersey, on nuclear storage objectives were "extremely important" to energy security.

Holtec in August secured approval from the Ukrainian government to start construction on a fuel storage facility at Ukraine's Chernobyl facility, which suffered a catastrophic accident in 1986. Since then, the plant's remaining reactors have been in a phased decommissioning process.

"The implementation of [the Holtec] project will dramatically reduce our dependence on Russia's interim spent nuclear fuel storing services and will save significant funds spent on these needs," the Ukrainian government stated.

By some estimates, Ukraine pays Russia about $200 million per year for nuclear-related issues.

A national energy strategy outlined by the Ukrainian government in August called for the country to get about half of its electricity needs met by nuclear power, 24 percent from hydropower and the rest from thermal-electric power stations by 2035.

Last month, U.S. Cabinet officials, the U.S. envoy to Ukraine and representatives from XCoal were on hand for the first shipment of coal from a Pennsylvania facility to Ukrainian energy company Centrenergo. U.S. Energy Secretary Rick Perry said coal sent from the United States would serve as a secure and reliable form of energy for Ukrainian consumers.

Eurocoal, an association that represents coal producers in the European region, said Ukraine has enough of its own coal to last for more than a century. Nuclear energy accounts for about half of the country's electricity generation, with coal representing about 40 percent. Most of the nation's coal reserves are found in Donetsk, an industrial city at the heart of the Ukrainian separatist movement.

OIL AND GAS
Oil tied to South Sudan and U.S. sanctions
Washington (UPI) Sep 7, 2017
The U.S. Treasury Department announced sanctions against officials in South Sudan, including those accused of inciting civil war and funding arms with oil. South Sudan gained independence from Sudan 2011, but has been mired in conflict described by the United Nations as an ethnic-cleansing campaign since 2013. Rivaling the genocide in Rwanda in 1994, around 1 million South Sudanese fled ... read more

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