The agreements with Shell and Chevron ... will enable us to have full sufficiency in gas by 2020 and, under an optimistic scenario, even enable us to export energy, President Viktor Yanukovich told investors shortly before the signing. The highest end of expectations for Olesskas potential reserves would match around three years of European Union gas demand, but similarly sunny hopes for shale reserves in neighboring Poland have been very sharply downsized. Shale development in Europe is far behind the booming U.S. sector and progress is patchy. Chevron pulled out of a shale exploration tender in Lithuania and has suspended work at a Romanian shale well after local protests. Global Peace March to Damascus
Posted on: Sun, 09 Mar 2014 22:52:20 +0000
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