The Shell project at the Ukrainian shale gas field Yuzivske has the potential of evolving into the largest investment in Ukrainian history, reckons the Environment and Natural Resources Minister Oleh Proskuryakov . "Shell's basic scenario would be investing more than USD 10 billion, optimistic scenario - USD 50 billion," he said. During the initial phase of the project, investments into the Donetsk and Kharkiv region social infrastructure will amount to USD 140 million.

The official also noted that in five to six years the volume of gas extracted at the site in question - Yuzivske shale gas field - could reach several billion cubic meters, while in a decade the annual amount of extracted gas could go up to at least 8-10 billion cubic meters. The estimated gas field reserves in the Donetsk and Kharkiv regions equal 2 trillion cubic meters of the natural resource.

Read more: http://www.oilvoice.com/n/Ukraine_regions_vote_in_favour_of_PSA_with_Shell/89817df4e163.aspx#ixzz2IoADnHN9