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UpstreamOnline: JKX seals Ukraine gas deal

By Upstream staff

UK explorer JKX Oil & Gas has agreed to sell at least 8.75 billion cubic feet of gas over 12 months to a Shell unit in Ukraine.

The company said supplies would start this month following an initial delivery in August.

JKX said a statement that the gas sales pact had provisions to raise the amount of gas delivered and the time period allowed.

The agreement was made between JKX’s wholly owned Ukranian arm, Poltava Petroleum Company, and Shell Energy Ukraine, the company said.

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