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Shell, Ukraine may cooperate on conventional, shale gas deposits

BY ALEXANDER KOLYANDR

MOSCOW -- Shell is interested in developing both conventional and shale gas deposits in Ukraine, the company' s executive said at a meeting with the country' s prime minister, the government said.

Shell and Ukraine could cooperate in developing both conventional and shale gas reserves, Shell' s upstream international director, Andrew Brown, is cited as saying by the government' s website.

Ukrainian Prime Minister Mykola Azarov invited Shell to develop "not only shale gas, but also gas from conventional reserves."

Ukraine, which holds Europe' s third largest shale gas reserves, sees the development of its energy resources as vital for reducing its dependence on Russian gas imports. The former Soviet republic in January signed a production sharing agreement with Shell for the Yuzovka shale gas area, which is expected to eventually provide Ukraine with 20 Bcm of gas a year. But so far, Shell hasn' t been involved in the exploration or development of traditional gas deposits in Ukraine.

Dow Jones Newswires

07/12/2013

 

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