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    Reuters: Ukraine gas deal with Russia will not affect shale gas agreements

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Summary

Recent agreements between Russia and Ukraine that includes a lowering of the price for Russian gas deliveries to Ukraine will not impact the realization of shale gas projects in Ukraine with Shell and Chevron.

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Press Notes

Reuters: Ukraine gas deal with Russia will not affect shale gas agreements

A deal for cheaper Russian gas agreed between Russia's Gazprom and Ukraine's Naftogaz will not affect agreements between Kiev and Western energy companies for shale gas exploration, Ukraine's energy minister said on Wednesday.

"The agreement with Gazprom in no way will weigh on the realisation of the projects with Shell and Chevron," Eduard Stavytsky told journalists.

Russia and Ukraine on Tuesday reached agreement on a $15 billion aid package which includes lowering the price for Russian gas deliveries to Ukraine by about a third.  MORE