Ukraine’s hopes to cut its dependence on gas imports from Russia through shale gas development have been dashed. The two multinationals that won government tenders to develop non-traditional gas deposits in Ukraine, Chevron and Shell, stopped their works last year, and there is no clarity about possible shale gas development in western Ukraine by the Italian company Eni. Shale gas proponents have suffered fiascos across Europe due to the opposition from environmentalists, poor geology, and a recent fall in traditional gas prices. But in Ukraine, all these factors have been exacerbated by war and its extremely negative consequences for the …read more
Source: The Jamestown Foundation