Support The Moscow Times!

Ukrainian Shale Results Soon

KIEV — Shell and Chevron are likely to win tenders to explore and develop two potentially large shale gas fields in Ukraine, outbidding Eni, ExxonMobil and TNK-BP, a government source said Thursday.

One contract area, Yuzivska, is in the eastern Donetsk and Kharkiv regions with the other, Olesska, in the western Lviv region. "[The likely winners are] Shell for Yuzivska and Chevron for Olesska," the source said.

Ukraine's State Geological Service estimates the reserves of the Yuzivska area at 2 trillion cubic meters and those of Olesska at 800 billion to 1.5 trillion. The winners will enter production sharing agreements with state firm Nadra Ukrainy and SPK-GeoService, a privately-owned company picked by the government as its partner in a separate tender.

(Reuters)

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more