03-18-2014, 02:55 PM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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Ukraine sits on 39 trillion cubic feet of natural gas reserves. That's about one-quarter the world's entire proven reserves. One company that has bet big on Ukraine's natural gas is US-based Chevron.
Back in November 2013, the company signed a 50-year deal with Ukraine's ousted president Viktor Yanukovich. The deal involved developing the Olesska shale gas field with $350 million to $400 million spent on exploratory drilling. The total investment would then go up to $10 billion. Ukraine's then-Energy Minster Stavytsky estimated that as much as 353 billion cubic feet of natural gas could be extracted every year. That translates to roughly $1.7 billion in revenues per year on the upper end given current natural gas prices.
http://finance.yahoo.com/blogs/talki...200317976.html
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Without Crimea, Ukraine looks set to lose an important piece of its economic and energy future: valuable undersea oil and gas fields that lie just offshore the Crimean peninsula. Exploiting those Black Sea fields could help reduce Ukraine?s dependence on Russian gas imports.
And Big Oil had been interested: Before the overthrow of former President Viktor Yanukovych, Ukraine was on the verge of signing a deal with a group, including Exxon Mobil (XOM) and Royal Dutch Shell (RDS.B), that was prepared to spend $735 million to drill two wells off Crimea?s southwest coast. ?Exxon and Shell are now in a legal limbo,?
http://www.businessweek.com/articles...-and-gas-hopes
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Oil and gas
If Europe wants Russian oil and gas, chances are it?s going through Ukraine. Actually, it doesn?t just want it: Europe needs it. Russia supplies 40 per cent of Europe?s oil and gas; 80 per cent of that goes through Ukraine.
Right now, the pipelines flow west from Russia and into Romania, Hungary, Slovakia and Poland. But there are plans for the routes to extend further and take fuel onwards to Italy, Austria and Germany ? the biggest consumer of Russian fuel.
http://globalnews.ca/news/1185072/wh...t-just-russia/
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Whose interest would it be in to destabilize the Ukraine government of Yanukovich?
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