Mistura says Homs terror attacks attempt to derail Geneva talksWorld February 26, 5:49
Annular eclipse will be visible in South America, Africa on Feb 26Science & Space February 26, 3:24
HNC expects Trump to correct Obama's mistakes in Syria - delegation headWorld February 26, 3:08
War on terror to dominate Geneva talks — Syrian UN envoyWorld February 25, 23:48
Russian skier wins gold in skiathlon at 2017 FIS Nordic World Ski ChampionshipsSport February 25, 17:46
Top US Air Force general points to growing conflict potential in Syrian airspaceWorld February 25, 17:17
Iran relies on Russia’s support in production of fuel for nuclear power plantsBusiness & Economy February 25, 16:20
Ukrainian military capture Donetsk water purification plant — spokesmanWorld February 25, 15:05
Azerbaijan and Armenia report armed clashes in Karabakh conflict areaWorld February 25, 11:45
KIEV, September 13 (Itar-Tass) - Ukraine-produced shale gas will cost 120-130 U.S. dollars per one thousand cubic metres, Ukrainian Prime Minister Nikolai Azarov said on Friday.
“Now, we are buying Russian gas at a price of 530 U.S. dollars per 1,000 cubic meters, this is an unprecedented price globally,” he said in an interview with a local television channel. “At the same time, the cost of shale gas we plan to produce starting from 2015 will be in the range of 120-130 U.S. dollars, taking into account all the expenses.”
“Colossal amount of work is to be done before 2015 to assess the reserves, prepare and calculate logistics,” he said. “We plan to do all this in 2014 and begin the production from 2015.”
He reassured that the production of shale gas by Royal Dutch Shell would be absolutely safe from the environmental point of view.
On Thursday, Royal Dutch Shell and Ukraine’s Nadra Yuzovskaya signed an agreement on the exploration and production of gas in Ukraine. The agreement, signed during Ukrainian Prime Minister Nikolai Azarov’s visit to the Netherlands will allow both companies to start work at the Yuzovskoye field immediately. The field is believed to contain more than 4 trillion cubic metres of gas. Royal Dutch Shell is planning to allocate more than 500 million U.S. dollars for the exploratory work, and its overall investment in the project will reach 10 billion U.S. dollars. Ukrainian Minister of Energy and Coal Industry Eduard Stavitsky said the agreement would “reduce energy dependence on Russia.” The first effect is expected in 2015, with the energy dependence on Russia to be “brought to zero” by 2020.