Shell, Ukraine shale gas deal announced — Shell sign $10bn gas agreement



Ireland take note

What are the chances of Fracking coming to Ireland? If the big boys want it I feel one hundred per cent sure the government will acquiesce  to their demands with prodding from the IMF but no equal share for Ireland 

A deal of equal shares!!! Suspect Shell are not telling the full story

A fifty year deal… I smell a rat

Royal Dutch Shell and the Ukrainian government have signed a gas production sharing agreement, which is expected to promote investment in Ukraine.

Under the $10bn deal that drew attention of the industry, Shell and Ukraine’s state-owned firm Nadra Yuzivska have equal shares in the enterprise, 50% each.

Commenting on the signing of agreement, Ukrainian President Viktor Yanukovych said “A new project has been born. This is just the beginning, we shall continue this cooperation.”

The latest deal is anticipated to help Ukraine increase its domestic gas production, create jobs, boost state budget revenue, and lift the economy.

Reuters noted that the 50-year contract is “the biggest contract yet to tap shale gas in Europe,” and added that the deal would help the country reduce its dependence on Russia for energy.

In May 2012, Shell had won the right to explore gas in Yuzivske gas field in Ukraine, while in August 2012, Shell along with ExxonMobil, Romanian OMV Petrom and Nadra have received joint rights to develop underwater deposits at Ukrainian deep marine shelf field under the Black Sea.

via Ukraine, Shell sign $10bn gas agreement – Energy Business Review.

via Ukraine, Shell sign $10bn gas agreement – Energy Business Review.

About Old Boy

Love the past and the future but live in the present

Posted on January 31, 2013, in environment, gas, Government, International affairs, Ireland, Wealth and tagged , , , , , , , . Bookmark the permalink. Leave a comment.

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