Natural gas has been at center of Ukraine’s fractious relationship with Russia these recent years, and it’s had to contend with price gouging, take-or-pay contracts, and even mid-winter shut-offs from its eastern supplier Gazprom. But Ukraine sits on its own bountiful gas reserves, many of which continue to lie untapped. Late last year Chevron announced it was pulling out of a previously agreed-upon $10 billion shale gas exploration project, and this June Royal Dutch Shell followed suit. So what happened?Obviously the conflict with Russia is factoring in to these decisions to abandon Ukraine’s shale plays, which count among Europe’s most …read more
Source: The American Interest
