Hot Issue (#06 June 2014)

Shale Gas Production Sharing Agreements in Ukraine — Status Limbo

by Volodymyr V. Yaremko, Maryna M. Ilchuk

Getting rid of gas dependence on Russia has been a hot topic in Ukraine in the last few years. In order to diversify energy sources Ukraine has, for a while now, been negotiating shale gas exploration with a number of international oil extractors such as Shell, Chevron, ExxonMobil, Eni and EDF.

On 24 January 2013, Shell, Nadra Yuzivska LLC and the government of Ukraine signed a production sharing agreement (PSA) concerning unconventional gas extraction in the Yuzivska area (Kharkov and Donetsk Regions) at the Economic Forum in Davos, and on 12 September 2013 an operating agreement was signed, which actually permits commencement of work in the Yuzivska area.  

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