Shell Signs Ukraine Gas Deal as Kiev, Moscow Continue Sparring

摘要

Ukraine is pushing on with plans to cut its dependence on Russian gas by bolstering its own output, on Thursday signing a deal with Royal Dutch Shell to explore for tight gas. Shell chief Peter Voser said the Anglo-Dutch supermajor will spend a total of $800 million under its agreement with state Ukrgasvydobuvannya, of which $600 million will be on exploration.