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Royal Dutch Shell plc Message Board

  • vpower_shell vpower_shell Jan 17, 2013 12:47 AM Flag

    Shell Close to Signing $10 Billion Shale Gas Deal with Ukraine

     

    Shell Close to Signing $10 Billion Shale Gas Deal with Ukraine
    By James Burgess | Wed, 16 January 2013 22:32 | 0

    Benefit From the Latest Energy Trends and Investment Opportunities before the mainstream media and investing public are aware they even exist. The Free Oilprice Energy Intelligence Report gives you this and much more.
    One of the final hurdles standing in the way of the $10 billion shale gas deal between Royal Dutch Shell (NYSE: RDS.A) and Ukraine was cleared on Wednesday when local authorities approved the plans for Shell to develop the country’s huge shale reserves under a production sharing agreement.

    Ukraine, which has Europe’s third largest shale gas reserves after France and Norway, is keen to develop its giant Yuzivska shale gas field in order to reduce reliance on imported Russian natural gas, which it buys for an exorbitant $430 per thousand cubic metres; US power companies buy natural gas for around $172 per thousand cubic metres.

    Sentiment: Strong Buy

    This topic is deleted.
 
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