Ria Novosti: Ukraine to Launch Shale Gas Production by 2017

Ukraine will launch the production of shale gas, seen as an alternative to Russian natural gas, by 2017, Environment and Natural Resources Minister Eduard Stavitsky said on Wednesday.

On May 10, a Ukraine government commission awarded global energy companies Shell and Chevron the development tender for the Yuzovsky shale gas deposit, in the Kharkov and Donetsk Region in eastern Ukraine, and the Olessky field, in the Lvov and Ivano-Frankovsk Regions in the west of the country.

The other tender bidders included Italy’s Eni, U.S. major ExxonMobil and the Russian-British oil joint venture TNK-BP.  MORE