Upcoming Shale Boom In Ukraine

Hira Shahnawaz Akhtar

Published onNovember 4, 2013

Updated on May 13, 2021

Ukraine is on the verge of signing supply agreements with the European Union this month. However, the ever-present issues of payment and dues between Russia and Ukraine threaten the European gas supply. Previously, a gas war in 2009 between the two countries made it difficult for the EU to receive gas. Currently, Gazprom OAO (MCX:GAZP) (OTCMKTS:OGZPY) was demanding the repayment of overdue gas bills from Ukraine.

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Ukraine offers potential for shale gas and oil

However, Ukraine is on to something bigger and is less interested in just being the transporter of Russian gas. The Lublin Basin, which lies under Poland and Ukraine, offers huge potential for shale gas and oil. Analysts claim that this basin could be ten...

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Hira Shahnawaz Akhtar

Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.

Upcoming Shale Boom In Ukraine

Ukraine offers potential for shale gas and oil

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