Naftogaz, Exxon Mobil Sign MOU on Ukraine's Unconventional Gas
MOSCOW (Dow Jones Newswires), Feb. 18, 2011
Ukrainian national energy company Naftogaz said it has signed a memorandum of understanding and a confidentiality agreement with Exxon Mobil to jointly develop unconventional natural gas in Ukraine.
Naftogaz said the companies will jointly study Ukraine's potential in shale gas, methane production from coal and other unconventional energy sources.
Ukraine's government aims to make the country, which imports gas from Russia, energy self-sufficient both by cutting consumption and by producing its own gas. Naftogaz signed a similar agreement with Russia's Gazprom in December.
Copyright (c) 2011 Dow Jones & Company, Inc.
Operates 13 Offshore Rigs
- ExxonMobil Says Julia, Hadrian South Operations Back To Normal After Nate (Oct 10)
- Iraq's Talks with Exxon on Southern Oilfields in Final Stages-Minister (Oct 09)
- U.S. Gulf Oil Producers Start Evacuating Staff Ahead of Tropical Storm Nate (Oct 05)
Company: Naftogaz Ukrainy more info
- Reformer At Ukraine's State-Run Naftogaz Resigns From Board (Apr 14)
- Frontera Signs Upstream Cooperation MOU with UkrGasVydobuvannya (Feb 09)
- Russia's Gazprom Asks Ukraine For Volume Guarantees Through March (Dec 04)