Ukraine signs $10 billion shale gas deal with Chevron

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Vatic Note:  Aaah, now we know what this was really all about and who.... banker owned, and British owned energy companies grabbing the natural resource wealth of the Ukraine.  Remember, these guys that ended up in the drivers seat were financed by the Bankers, international.... Rothschilds people. I got this below 2nd hand from another publication, but was originally published in Reuters and Rothschild owns Reuters so what was published was from their perspective and written as if they were doing Ukraine a favor.... not hardly.

If you read Zbig's book (the National security advisor to Obama) called "The Grand Chessboard;  American Primacy and its geostrategic imperatives".... then you will see the actual blue print zbig laid out in that book for isolating Russia and taking control of their oil and gas empire that they are building.  Ukraine is just one part of that and Putin is in on it.  He works for those bankers.  That is why he backed off and did not invade Ukraine.

I feel sorry for the Ukrainian people being used as pawns in such a high powered game.  The US and Israel's first attempt at this was by using Georgia to invade a part of Russia, called Odessa way back when Bush Jr was in.  It worked, and Israel gave Georgia a billion dollars and mega troops to help them invade Odessa.

While Russia took Odessa back, they lost their control of the black sea which is critical for shipping  out Russia's oil.   So in that sense, Russia lost.  The bankers are going for the entire whole ball of wax.   I have no idea how this is going to turn out, but it will be fascinating to see how they choose to fool us into believing this is a genuine conflict, while its only a mechanism to fool the Russian people, just like we are being fooled. 

Ask yourselves,  why was Blackwater in the Ukraine?  Who were the snipers that started the violence?   Why were they creating this rift between Ukraine and Russia?   The answers are below in this article.  It was news to me and I am sure news to most of us.

Anyway, read and decide for yourselves, but this smacks, to me, of NWO khazar Zionists plan for global domination and of course it includes hijacking profitable resources for their own control and use and a final act to start WW III, but alas I bet the nukes on both sides are not working, and if that is the case, no one is starting WW III, until they are. 

Ukraine signs $10 billion shale gas deal with Chevron
by American Everyman, 3/7/2014
(L-R, front) Chevron Exploration and Production Europe Derek Magness, Ukraine's Energy Minister Eduard Stavytsky, Chairman of the National Joint Stock Company ''Nadra Ukrayny'' Viktor Ponomarenko, (L-R, back) U.S. Ambassador Jeffrey Payette, Ukraine's President Viktor Yanukovich and President of Chevron Europe, Eurasia and Middle East Exploration and Production James Johnson attend a signing ceremony in Kiev, November 5, 2013.

Credit: Reuters/Mykhailo Markiv/Ukrainian Presidential Press Service/Handout via Reuters

(Reuters) - Ukraine signed a $10 billion shale gas production-sharing agreement with U.S. Chevron (CVX.N) on Tuesday, another step in a drive for more energy independence from Russia.

The deal to develop its western Olesska field followed a similar shale gas agreement with Royal Dutch Shell (RDSa.L) in January and boosts Ukraine's leadership at a time of fraught relations with Moscow over gas supplies.

"The agreements with Shell and Chevron ... will enable us to have full sufficiency in gas by 2020 and, under an optimistic scenario, even enable us to export energy," President Viktor Yanukovich told investors shortly before the signing.

The highest end of expectations for Olesska's potential reserves would match around three years of European Union gas demand, but similarly sunny hopes for shale reserves in neighboring Poland have been very sharply downsized.

Shale development in Europe is far behind the booming U.S. sector and progress is patchy. Chevron pulled out of a shale exploration tender in Lithuania and has suspended work at a Romanian shale well after local protests.

Ukraine Energy Minister Eduart Stavytsky, who signed the deal with Chevron executive Derek Magness, set it in the context of a high price Ukraine pays Russia for its gas.

"This is one more step towards achieving full energy independence for the state. This will bring cheaper gas prices and the sort of just prices which exist (elsewhere) in the world," he said.

Ukraine pays $400 per thousand cubic meters for Russian gas under a 2009 10-year agreement. Kiev has failed to re-negotiate its terms with Moscow.
The agreement with Chevron, to extend for 50 years, foresaw an initial investment of $350 million by the U.S. major in exploratory work over two or three years, Stavytsky said, aimed at establishing the commercial viability of shale reserves in the 5,260 square km (2,000 square miles) Olesska, part of a band of shale which stretches from the Baltic to the Black Sea.

Earlier government figures set total investments, including extraction after exploratory drilling, at around $10 billion.


Stavytsky said the Ukrainian side hoped that exploratory work would yield more detailed information about reserves at Olesska in 2015.

It was expected that Olesska would produce 5 billion cubic meters per year - and possibly as much as 8-10 billion cubic meters, he said. The deal with Shell, which is at a similar level of investment, is for exploration at Yuzivska in eastern Ukraine.

The two shale projects could provide Ukraine with an additional 11 to 16 billion cubic meters (bcm) of gas in five years' time, according to projections by the Kiev government. With Ukraine also a transit route for Russian gas to Europe, there have been rows in the past which have led to disruption for European consumers.

The two sides clashed over prices in the winters of 2006 and 2009, with Moscow halting deliveries not only to Ukraine but to the rest of Europe. With Russia angered over Ukraine's plans to sign a landmark agreement with the European Union which will mark a shift away from Russia's sphere of influence, the issue has flared again.

Late last month, Russia's gas export monopoly Gazprom (GAZP.MM) demanded Ukraine pay a $882 million overdue gas bill urgently.

Stavytsky said on Tuesday that Ukraine had already begun to settle the outstanding bill but gave no details.

Gazprom spokesman Sergei Kupriyanov said his company had recently received $9 million in payments from Naftogaz Ukraine. "It's just a drop in the ocean," he said.

Russian Prime Minister Dmitry Medvedev has since said he sees no reason for Moscow to cut gas supplies to Ukraine over the unpaid bill for now and has played down talk of an imminent "gas war" that might disrupt flows to Europe.
(Additional reporting by Denis Pinchuk in Moscow; Editing by William Hardy)

The article is reproduced in accordance with Section 107 of title 17 of the Copyright Law of the United States relating to fair-use and is for the purposes of criticism, comment, news reporting, teaching, scholarship, and research.

1 comment:

Anonymous said...

So, Shale gas is FRACKING...
They should have did their homework.
What a sad deal.
I guess the money is more important than their water, air, or health.
Not to mention Earthquakes.