|
 |
 |
Comments
Did you read today's front page stories & breaking news?
SYS-CON.TV
|
From the Wires
Ukraine Offers Favorable Conditions for US Gas Drillers - FT
By: PR Newswire
Nov. 27, 2012 06:28 AM
KYIV, Ukraine, November 27, 2012 /PRNewswire/ -- It is profitable to explore and produce gas in Ukraine now, John Dizard says in his article for Financial Times. He explains that gas is cheaper in America and, to get sizeable returns, companies search for more cost-effective deals elsewhere. "The Ukrainian gas prices are high enough to pay for the costs of shale and coal-bed gas, which are much higher than conventional gas," he writes. While gas in the U.S. is priced at USD 3.5-4 per MMBtu, Ukrainian prices are closer to USD 12, notes Dizard. Additional upside of gas development in Ukraine is "extensive domestic pipeline network." He reminds that Ukraine recently inked deals with Chevron and Shell regarding shale and coal bed methane extraction in the country. John Dizard lists reasons for Ukraine to provide "compatible discount rates" for foreign companies. First, it is Russia's strategic success in building alternative pipelines to provide gas to Europe bypassing Ukraine. At the moment, Ukrainian gas transporting system delivers approximately 70-percent of Russian gas to Europe. Second, domestic business in Ukraine needs reliable and cheap gas for the factories. "It would be a very good time for mid-size exploration and production companies to get started here [in Ukraine]... We need dynamic mid-size onshore drilling companies, and we will explain to them how secure they would be here now," the article quotes Ukrainian Minister of Energy and Coal Industry Yuriy Boyko. Currently, Ukraine is purchasing most of its imported gas from Russia - 26 billion cubic meters in 2012, and the projected 20 billion in 2013. In November 2012, Ukraine began importing gas from Germany, as an effort to get rid of energy dependency on Russia. Ukraine pays for Russian gas USD 432 per thousand cubic meters. Reportedly, the price for German gas is USD 40 to 70 less. Additionally, throughout 2012, Ukraine advanced in exploration of domestic gas resources. It began cooperation with Chevron, Exxon and Royal Dutch Shell. The companies will develop shale gas in western and eastern Ukraine, as well as in the Black Sea shelf. Ukraine is estimated to possess the fourth-largest shale gas reserves in Europe, as previously stated by Financial Times. SOURCE Worldwide News Ukraine
SOA World Latest Stories
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
|
SYS-CON Featured Whitepapers
Most Read This Week |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
| | | | | | | | |
|
|
|
|
|
|
| | | | | | | | | | | | | | | | | | | | | | | | | | |
|
|
| SYS-CON MEDIA: | | | | |
| SYS-CON EVENTS: | | | | | |
| INTERNATIONAL SITES: | | | | | | | | | | |
 |
Terms of Use & Our Privacy Statement  About Newsfeeds / Video Feeds |
| Copyright ©1994-2008 SYS-CON Publications, Inc. All Rights Reserved. All marks are trademarks of SYS-CON Media. |
| Reproduction in whole or in part in any form or medium without express written permission of SYS-CON Publications, Inc. is prohibited. |
.gif)
Bromium, where the old Xen team now lives, says it’s made it 105 harder for hackers to compromise a PC.
CTO Simon Crosby says that means the bad guys would have to shoot an arrow through an apple on a kid’s head at the distance of 100,000 miles to penetrate a PC endpoint and that, in...
I have to say, this was a refreshingly easy to read book. It focuses on the business of search, and not just the technology, which is refreshing. And I say this when I am a technologist first and all other things later.
Enterprise Search provides a concise summary of the whys of impl...
Metacloud plays hardball.
It has no patience with pilots or proofs-of-concept. It’ll only do production Infrastructure-as-a-Service installations, which is kind of uppity for a start-up that only hit the radar last October – even if it did come out of the closet with an unidentified ...
Red Hat made its power play Wednesday. One it’s been itching to make for a couple of years. One that it hopes will ultimately jam a stick through the spokes of VMware’s front wheel. And to make sure that happens it’ll be telling everybody who’ll listen that its widgetry is a third the ...
Cloud computing is the game changer for the life sciences industry, according to an article on PharmaBiz.com.
Globally, pharma majors are deploying cloud technology because it provides data security, compliance and transparency, according to Vikram Anand, associate vice president, clo...
Google made its much anticipated move Tuesday and pocketed Waze, the Israeli real-time traffic map maker.
It didn’t disclose how much it’s paid to close the deal, but the Israeli paper Globes put the price at $1.3 billion. Bloomberg put it at $1.1 billion. Either way it’s reportedly ...
