The Rising Influence of Rising Affluence

[DewDiligence]

Shell inks shale-gas deal with Ukraine:

http://www.nytimes.com/2013/01/25/business/global/ukraine-signs-drilling-deal-with-shell-for-shale-gas.html

Winning an active Shell drilling program is a potential boon for Ukraine, which is thought to be one of the best bets in Europe for so-called shale gas and tight gas.

…Shell has bet heavily on [shale] gas globally and wants to make sure it has an entree into any important new production area. Moving into Ukraine would give it access to another potentially significant production area, alongside its efforts in China, South Africa, Canada and Brazil…

… Shell plans to drill 15 wells as part of a 50-year joint venture with a local company called Nadra Yuzivska.

Ukraine seems to be more receptive to fracking than other European states; they know that relying on Russia for its gas supply has problems, LOL.