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    UPI: Kiev looks internally for more natural gas

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Summary

Energy dependence is a top priority for Ukraine and it hopes to achieve this through more natural gas production. International companies announced investment plans for shale development in the country, which the IEA estimates has the 3rd largest reserves in Europe.

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Press Notes

UPI: Kiev looks internally for more natural gas

It's a national priority for the government of Ukraine to increase energy independence through more natural gas production, a minister said.

Chevron and Royal Dutch Shell last month announced plans to invest at least $370 million in the development of the Yuzivske and Oleske shale fields in Ukraine.

The U.S. Energy Information Administration estimates Ukraine has around 42 trillion cubic feet of shale gas reserves, putting it No. 3 among European countries.  MORE