Thursday, 10 October 2013

Ukraine Oil and Gas Report Q4 2013

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Ukraine Oil and Gas Report Q4 2013
Oct 9th 2013, 00:00

Price: $ 1295  

BMI View: Recent exploratory successes bode well for Ukraine despite its history of energy dependence. However, despite promising results, the country remains far from achieving independence. The large cost of gas imports associated to the supply monopoly of Russia is pushing officials to seek to maximise domestic production and diversify energy sources. New EIA estimates of technically recoverable shale gas confirm that Shell's move to enter Ukraine's unconventional plays in early 2013 could be a solution for the country. It remains that Ukraine will have to improve energy efficiency in order to reduce the detrimental impact of energy dependence on its economy. The main trends and developments we highlight for Ukraine's oil and gas sector are: ? Successful completion of a 10-stage hydraulic ...

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