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2013-01-16 00:00:00
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On Wednesday, Royal Dutch Shell and Ukraine approved the plans for Shell to develop the country’s huge shale reserves under a production sharing contract.
Ukraine plans to develop its giant Yuzivska shale gas field aiming to lessen dependence on imported Russian natural gas, for which it spends $430 per thousand cubic metres.
According to the U.S. Energy Information Administration, Ukraine is probable to have Europe's third-largest shale gas reserves at 42 trillion cubic feet metres, behind those of France and Norway.
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