Ukraine signs $10 bln shale deal with Chevron -minister

Reuters

KIEV, Nov 5 (Reuters) - Ukraine signed a $10 billion shalegas production-sharing agreement with U.S. energy major Chevron on Tuesday, energy minister Eduard Stavytsky said,marking the second such deal this year.

"It's been signed," Stavytsky told journalists, referring toa deal for exploration and extraction of shale gas at theOlesska field in western Ukraine.

Last January, the ex-Soviet republic signed a deal withRoyal Dutch Shell, at a similar level of investment,for exploration at Yuzivska in eastern Ukraine.

Ukraine, through shale, offshore and liquefied natural gasdevelopment, is seeking to ease its dependence on costly naturalgas imports from its main supplier, Russia, which weigh heavilyon its economy.

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