For the first time in more than two centuries, Ukraine sees its way to independence from Moscow.
That path tracks through a patch of sealed Soviet-era natural gas wells that are ready to be tapped once again and fields of shale rocks that the U.S. Geological Survey estimates will hold enough gas to fire eastern Europe’s largest nation for 100 years or more. Royal Dutch Shell Plc, Exxon Mobil Corp. and Chevron Corp. - three of the world’s four largest oil companies - bid last week for Ukrainian exploration rights.
“Ukraine is low-hanging fruit,” said Bertrand des Pallieres, chief executive officer of Cadogan Petroleum Plc, a London-based oil explorer with interests in 14 Ukrainian fields.
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