Ukraine moves closer to second shale gas deal

http://finance.yahoo.com/news/ukraine-moves-closer-second-shale-gas-deal-175500998--finance.html

 

 

 

If you think the exploitation of shale for its natural is gas is just occurring in U.S., then you are wrong. Currently, the Ukrainian Government voted 66-3 to allow the U.S. cooperation Chevron to allow drilling for natural gas in the Olesska field. This is the second shale exploitation that has been allowed by the Ukrainian Government in order to reduce its dependence on Russia for its energy. The total investment of this project is about 10 billion dollars. The Ukrainian Government claims that its also wants to diversify its energy production. I personally believe that Ukraine should observe how the natural gas cooperations are affecting the U.S.A and then make the decision to allow exploitation of its natural gas.