Ukraine in Talks With Exxon, Chevron on Black Sea Gas Fields
Ukraine is in talks with Exxon Mobil Corp., Chevron Corp. and Royal Dutch Shell Plc on exploring for natural gas in the country’s Black Sea, the country’s deputy fuel and energy minister said.
“There are many propositions,” Volodymyr Makukha told reporters today in Kiev. The ministry is also in talks with companies from Turkey, Russia, China and Azerbaijan on exploring in the Black Sea, he said.
Ukraine is “moving very fast toward attracting partners” to explore for gas deposits on its Black Sea shelf, Yuriy Boyko, the country’s fuel and energy minister, said today in an e- mailed statement. The projects are “very expensive and risky” and require the participation of the world’s top companies, Boyko said.
Ukraine depends on Russia for 80 percent of its gas needs and seeks to increase domestic production of the fuel. The country seeks to extract gas from the Black Sea by 2014, Boyko said.
To contact the reporter on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net Kateryna Choursina in Kiev at kchoursina@bloomberg.net;
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