Shell to Spend $410 in Ukraine Gas Exploration, Produce Results in Two Years

Reuters reported that Shell is expected to spend $410 million over two years as they explore the Yuzivska shale gas area in Ukraine and determine the viability of its reserves.

As quoted in the market report:

Shell and Ukraine, which sees shale gas development as vital to easing its dependence on Russian gas supplies, signed a landmark production sharing agreement on Yuzivska this month. Kiev says the project could involve $10 billion in investments.

To view the whole Reuters report, click here.

Get the Latest Gas Investing Stock Information

Get the latest information about companies associated with Gas Investing delivered directly to your inbox.


Select All Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Comments

Leave a Reply