Ukraine: burying gas – and investors? | beyondbrics

Ukraine: burying gas – and investors? | beyondbrics:

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Ukraine is appears to be shooting itself in the foot again. The stated goal of Viktor Yanukovich, president since 2010, has been to diversify away from increasingly expensive Russian gas imports, partly by boosting domestic production with the help of billion-dollar foreign investments.

But will the big energy companies be put off by allegations that existing energy producers are being coerced into stockpiling gas by the government?

A production sharing agreement earlier this year with Royal Dutch Shell to invest $10bn into exploring Ukraine’s vast unconventional gas reserves was a big step towards achieving Yanukovich’s diversification goal."

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