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Shell/Exxon Mobil puts Ukraine gas prospect on hold

Extract from an article by Jim Landers published on 5 March 2014 by The Dallas Morning News

Screen Shot 2014-02-10 at 16.29.29Exxon Mobil and Royal Dutch Shell are heading a group selected in 2012 to explore for gas off Ukraine’s western Black Sea coast in an area called Skifska. Negotiations on a production-sharing agreement with the Ukrainian government were underway in the weeks before street battles with government opponents led the country’s president to flee to Russia.

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U.S. Hopes Boom in Natural Gas Can Curb Putin

Extracts from article b

Screen Shot 2014-02-10 at 16.29.29At the helm of the new energy diplomacy effort is Carlos Pascual, a former American ambassador to Ukraine, who leads the State Department’s Bureau of Energy Resources. In an interview, Mr. Pascual asserted that his team’s efforts had already weakened Mr. Putin’s hand, and had helped lower Ukraine’s dependence on Russia for natural gas supplies to 60 percent, down from 90 percent. In addition, he said, the team is helping countries develop their own natural gas resources, including in partnership with American energy giants. Halliburton has started fracking for natural gas in Poland, while Shell last year signed a contract to explore for natural gas in Ukraine.

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