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You're reading: Rule of law needed to stimulate gas production

Eventually the process is complete and there are handshakes and a round of applause.

I am at the Ukrainian Ministry of Energy to witness the signing of an important joint activity agreement between Shell and its Ukrainian partner, state gas extraction company UkrGasVydobuvannya. The agreement is worth, potentially, up to $800 million.

The contract, which is designed to exploit shale gas in Ukraine, is one of the largest investment agreements signed in Ukraine in recent years.

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