Ukraine’s Ivano-Frankivsk region accepts shale agreement with Chevron:
"The Ukraine’s Ivano-Frankivsk region voted in favour of an amended government draft for a production-sharing agreement with US energy-company Chevron, paving the way to a new shale gas deal in the East European country.
The Ivano-Frankivsk region had rejected a previous draft asking for guarantees at the end of August. Ukraine’s Minister of Energy and Coal Industry Eduard Stavytsky said last week that Cabinet Minister had taken into account requirements of the regional Council.
The government will be able to ink an agreement with Chevron after the approval of a second council in the neighbouring Lviv region.
Ukraine opened the doors to shale explorations last week. It signed a contract with Royal Dutch Shell, allowing the Netherland's energy company to explore the Yuviska block. Gas extraction activities are scheduled to start in 2015. Stavystkyi said that between 30% and 60% of extracted gas would belong to Ukraine, while the rest would be split between Royal Dutch Shell and Nadra Yuzivska. "
'via Blog this'
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