Tuesday 8 April 2014

Chevron Will Honor Fracking Contract with Ukraine - #EuroMaidan

Chevron Will Honor Fracking Contract with Ukraine:



"Chevron will not break their fracking contract with Ukraine even though there is a new government in Kyiv. The contract allows Chevron to explore for natural gas in shale rock by the Poland-Ukraine border.



Russia is a top supplier of natural gas to Ukraine and the rest of Europe. The situation between Russia and Ukraine puts Europe in a tight spot for energy. After the opposition ousted Russian-backed President Viktor Yanukovych on February 22, Russian state-owned gas giant Gazprom threatened to shut off the gas through Ukraine and demanded the country pay back its $1.9 billion debt. 



Even though Europe was not technically part of the threat, their supply could be cut off since the majority of natural gas pipelines pass through Ukraine. Plus, Europe promised to help out Ukraine in every possible way, which means providing natural gas if Russia cuts them off. Ambassadors from Slovakia, Czech Republic, Hungary, and Poland sent a letter to House Speaker John Boehner (R-OH) and asked the US to export more natural gas."



'via Blog this'

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