Ukraine’s government is weeks away from signing a shale gas production-sharing agreement with Chevron, of the US, and bringing in Italy’s Eni and France’s EDF as partners for a Black Sea hydrocarbon exploration project.
Government and business industry sources said the landmark agreements would
be signed next month, as Kyiv steps up efforts to find alternatives to
costly imports from Russia’s Gazprom.
Officials said the two new energy deals stood to attract billions of
dollars of investment, building upon a subsoil production sharing agreement
signed in January with Royal Dutch Shell, which pledged to invest up to
$10 billion to explore Ukraine’s unconventional gas potential, including shale
deposits.
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