WASHINGTON, June 5, 2012 /CNW/ - Achieving energy independence has become top priority for President of
Ukraine Viktor Yanukovych. Such statement was made during the
Washington meeting of the working group on energy security co-chaired
by the Ukrainian Energy and Coal Industry Minister Yuriy Boyko and Special
Envoy of the United States Secretary of State for Eurasian Energy Richard Morningstar.
The United States welcomed the steps taken by the Ukrainian government
to create volatile economy model. "A successful energy program will
reduce dependence on traditional resources such as gas," said Richard
"Ukraine has made concrete steps toward development of shale gas
production. The first license tenders have been awarded to Shell and
Chevron. Ukraine will continue moving in this direction, since the
potential of shale gas is huge," said Yuri Boyko. According to the
minister, Ukraine will soon hold new tenders for the development of two
deep-water areas on the Black Sea shelf.
During the meeting the working group also discussed issues of energy
security in Eurasia, the U.S. and the EU's position regarding the
"South Stream", prospects of creating Consortium to manage and finance
Ukrainian GTS modernization, ways of diversifying energy supplies to
Ukraine, as well as the reform of Ukrainian state owned oil and gas
company Naftogaz. The parties approved of the progress of the program
of reactivation of the dormant marginal oil and gas fields. This
project has been supported by the U.S. Agency for Trade and Development
and the U.S. Department of Energy.
The Working Group also highlighted bilateral cooperation in the nuclear
sector. "Ukraine fulfilled all its promises to transfer highly enriched
uranium to the United States. Moreover, we are actively working on
improving nuclear safety programs at Ukrainian nuclear power plants and
have achieved significant results there," concluded Boyko.
In February 2011 Ukraine and the United States signed the Memorandum of
Understanding On Unconventional Gas Resources, which includes a program
of joint activities between the two countries for the development of
unconventional gas production in Ukraine.
Previously, Energy Minister Boyko stated that Ukraine planned to set up
domestic shale gas extraction in five years. Comparatively, it took the
U.S. 20 years to accomplish similar goal. By 2020 Ukraine plans to
extract four to five billion cubic meters of shale gas annually.
SOURCE Worldwide News Ukraine
For further information:
Maria Ivanova +380443324784 email@example.com, Project Manager at Worldwide News Ukraine.