Ukraine, Shell to Sign $10 Billion Gas Deal

Reuters reported that the Ukraine is about to sign a $10 billion shale gas deal with Shell, marking a major step away from Russian gas dependance.

As quoted in the market report:

Due to be signed at the World Economic Forum in Davos, the production sharing agreement will mark the biggest contract yet to tap shale gas in Europe and the largest single foreign investment in the former Soviet republic.

To view the whole Reuters report, click here.