Ukraine, Moldova discuss shale gas deposits

Ukraine, Moldova discuss shale gas deposits


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Following a meeting with Moldova's Minster of Economy Valeri Lazar, Ukrainian Energy Minister Yuri Boiko said that producing unconventional gas reserves like shale might serve as an alternative to natural gas from Russia.

Ukraine has opened on the border areas with Moldova large deposits of shale gas, which can also be explored in a neighbouring country, Boiko said. Boiko added that Moldova would be able to produce on its own territory shale gas, and announced readiness to provide Moldova with information and expertise in production of this energy source. Ukraine has some of the richest deposits of shale gas in Europe.

Boiko in September said his country's energy strategies should focus more on developing domestic resources. Ukrainian Prime Minister Mykola Azarov said the production of unconventional gas reserves like shale could serve as an alternative to traditional gas from Russia. Kiev has been lobbying Russian gas company Gazprom for better prices. The US Energy Information Agency ranks Ukraine fourth in Europe in terms of shale gas deposits with 42 trillion cubic feet of reserves. 

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