Bloomberg: Ukraine to Potentially Triple Shale Output in Decade, Shell Says

Ukraine could potentially double or even triple natural-gas production in a decade after it starts shale extraction, according to Royal Dutch Shell Plc.

Shell, which won a license in May to start commercial production at the Yuzivska field in eastern Ukraine, has submitted a draft product-sharing agreement to the Ukrainian government, said Graham Tiley, its country chairman.

Europe’s biggest energy producer is waiting for initial test results to assess how fast the deposit can be tapped, Tiley said in an interview last week.  MORE