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Friday, March 7, 2014

Ukraine signs $10 billion shale gas deal with Chevron

Posted on March 7, 2014 by willyloman

from Reuters
Ukraine signed a $10 billion shale gas production-sharing agreement with U.S. Chevron (CVX.N) on Tuesday, another step in a drive for more energy independence from Russia.
The deal to develop its western Olesska field followed a similar shale gas agreement with Royal Dutch Shell (RDSa.L) in January and boosts Ukraine’s leadership at a time of fraught relations with Moscow over gas supplies.
“The agreements with Shell and Chevron … will enable us to have full sufficiency in gas by 2020 and, under an optimistic scenario, even enable us to export energy,” President Viktor Yanukovich told investors shortly before the signing.
[read the rest, here]

"I have not yet begun to fight!"

Friday, March 7, 2014

Ukraine signs $10 billion shale gas deal with Chevron

Ukraine signs $10 billion shale gas deal with Chevron

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