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.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
United States Houston: Account Rep, Bus Dev, Sr
Expertise: Business Development|Sales
Location: Houston, TX
Business Development Manager
Expertise: Business Development|Construction Manager|Sales
Location: Tempe, AZ
SXL- Manager, Business Development
Expertise: Business Development
Location: Newtown Square, PA
search for more jobs

Brent Crude Oil : $50.47/BBL 0.98%
Light Crude Oil : $49.72/BBL 1.09%
Natural Gas : $2.76/MMBtu 1.09%
Updated in last 24 hours