Shell quits shale gas project in eastern Ukraine

The Dutch-British oil company Shell, which had earlier started the process of development of deposits of unconventional hydrocarbons in Kharkiv and Donetsk regions, finally left this project, Ukrainian Energy Minister Volodymyr Demchyshyn said at a briefing on Tuesday.

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"Shell came out of this project," he said.

At the same time, he said that the project of development of deposits of unconventional hydrocarbons in the Yuzivska area, which was carried out by the Nadra Yuzivska company, was not closed up, and Ukraine would look for a new investor.

Read alsoUkraine to get Shell's calculations on shale gas production in east of country"If Nadra Yuzivska does not find an investor until the end of the year, I think the company will be liquidated," Demchyshyn said.

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