Xcoal Energy plans to tap natural gas from Marcellus shale region

Xcoal Energy & Resources LLC, the largest exporter of U.S. coal, is expanding into the natural gas business as the world’s appetite for the cleaner-burning fuel grows at coal’s expense, reports BloombergBusiness. The news service says that Xcoal Founder Ernie Thrasher is starting XLNG Energy & Resources, which plans to begin exporting liquefied natural gas no later than 2018. Bloomberg says the company will focus on selling gas from the Marcellus shale region that includes the historically coal-rich states of Pennsylvania, West Virginia and Ohio. Xcoal’s move comes as cheaper gas and tighter clean-air regulations shrink coal consumption in power plants. For more, read the full story.

Ohio, Pennsylvania, West Virginia