Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Friday, January 25, 2013

Shell and Ukraine Finalize $10 Billion Shale Gas Contract

Shell and Ukraine Finalize $10 Billion Shale Gas Contract

Ukraine has very nearly stepped out from under the shadow of Russia and its dependency on Natural gas supplies from Gazprom, by today signing a $10 billion deal to develop domestic shale gas in conjunction with Royal Dutch Shell (NYSE:RDS.B)In both 2006 and 2009 Russia and Ukraine cashed over the prices that Russia was charging, leading to severe disruptions to gas flowing to, and through, the Ukraine. Bulgaria and Slovakia were left without gas supplies in the middle of winter as Russia stopped its gas flow through Ukrainian pipelines. A new long…Read more...http://oilprice.com/Latest-Energy-News/World-News/Shell-and-Ukraine-Finalise-10-Billion-Shale-Gas-Contract.html

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