http://www.reuters.com/article/2013/01/24/us-shale-ukraine-idUSBRE90N0N620130124
In Davos...Kyiv is expected to sign a shale gas production deal with Royal Dutch Shell worth $10 billion...and gradually reduce its dependence on Russian nat gas.
Scientists estimate that eastern Ukraine may hold up to 42 trillion cubic feet of nat gas.
Leaked details are that Shell will give Kyiv 31% of all output until the break even point is reached.
But actual production is still years away...while 15 test wells are sunk.
Popular Posts
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- PUERTO RICO: The Enigma of Tourism.
- CZECH REPUBLIC: Attempts To Ban The Communist Party.
- ECUADOR: Judge Orders Jail For 3 Media Executives, Columnist...In Correa Libel Case.
- ROMANIA: After Court Overturns Austerity Measures, Huge VAT Increase Proposed To Protect IMF Aid.
- URUGUAY:Defeats So.Korea 2-1; In Q-Finals For 1st Time in 40 Years.
- MEXICO: Update On The Electric Power Takeover.
- MEXICO: Narcos "Force Down" Police Helicopter In Michoacan.
- CROATIA: Exit Polls Predict Presidential Run-off.
- ARGENTINA: MaradonaTo Continue As Soccer Coach.