Azarov: Shell to produce shale gas in Yuzivska block in industrial quantities from 2015:
"Royal Dutch Shell is to launch shale gas production in the Yuzivska block in industrial quantities from 2015, according to Ukrainian Prime Minister Mykola Azarov.
"It's hard to overestimate the [value of the] operating agreement Shell and Nadra Ukrainy have signed today," Azarov said at a press briefing in The Hague on Thursday.
He said that Shell was from today starting a lot of work to develop deposits in Ukraine.
"This has been the focus of our talks with Shell's CEO today, and [we've] determined that Shell will produce significant volumes of gas in Ukraine as early as from 2015," he added.
As reported, Ukraine in 2012 conducted three tenders for concluding production sharing agreements on the Yuzivska (Kharkiv and Donetsk regions), Oleska (Lviv and Ivano-Frankivsk regions) and Skifske fields (the Black Sea shelf)."
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