Ukraine eying shale gas

Could Ukraine actually reduce its dependence on Russian gas by exploiting its considerable shale gas resources? With the expertise and deep pockets of international companies like Royal Dutch Shell PLC and Chevron Corp., perhaps it could eventually, but that would be years and many wells from now. In January, Ukraine signed a production-sharing agreement with Shell for Ukrainian shale gas field Yuzivske, and Chevron obtained the right to develop gas deposits at Oleske field in western Ukraine (OGJ Online, Jan. 25, 2013). Ukrainian shale resource The US Energy Information Administration, in an April 2011 report prepared by Advanced Resources International Inc., cited Oil & Gas Journal'...

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