Ukraine ready to sign shale gas agreement with Chevron

Ukraine ready to sign shale gas agreement with Chevron

Ukraine has met all the terms to sign an operation agreement with US Chevron company to extract the shale gas in the Olesko area in Lviv and Ivano-Frankivsk oblasts, Nadra Ukrayiny board chairman Yaroslav Klymovych said Nov. 18, UNIAN reported.

Nadra Ukrayiny and Chevron have held meeting to resolve the disputed issues and reconcile the interests of both sides, NU chairman said.

The Ukrainian official called on Chevron to speed up the signing of the operation agreement.

State geological service head Dmytro Kashchuk confirmed Ukraine’s readiness to sign an agreement with Chevron.

Following the signing of the agreement on product division in Nov. 2013, Ukraine had changed its laws to facilitate Chevron operation in Ukraine, the official said.

via Ukraine ready to sign shale gas agreement with Chevron.