Ukraine signs $10 bln shale deal with Chevron -minister
KIEV, Nov 5 (Reuters) - Ukraine signed a $10 billion shale gas 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 to a deal for exploration and extraction of shale gas at the Olesska field in western Ukraine.
Last January, the ex-Soviet republic signed a deal with Royal Dutch Shell, at a similar level of investment, for exploration at Yuzivska in eastern Ukraine.
Ukraine, through shale, offshore and liquefied natural gas development, is seeking to ease its dependence on costly natural gas imports from its main supplier, Russia, which weigh heavily on its economy.
