Ukrainian Council Rejects Shale Gas Draft Agreement with Chevron

A local council in Western Ukraine voted against a draft agreement with US Chevron to explore for shale gas, writes Reuters.

The news agency reports that deputies in Ivano-Frankivsk region had rejected the draft production-sharing agreement by the government, asking for additional guarantees.

Dutch Royal Shell already signed a similar agreement with Ukrainian authorities for the Yuzivska field. 

The industry is carefully looking at Ukraine’s shale gas developments, after Poland registered a series of setbacks in the last months and the UK met a growing public resistance in the last weeks.

Central government is interested in developing two major fields. It is trying to develop the Skifska field on the Black Sea shelf in cooperation with ExxonMobil and Dutch Royal Shell, while betting also on the Olesska field to develop with Chevron.