Friday, April 25, 2014

RSN: Beneath the Ukraine Crisis: Shale Gas


It's ALWAYS about ENERGY!

Will Americans willingly goose-step into another Resource War?



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FOCUS | Beneath the Ukraine Crisis: Shale Gas
The U.S. wants to assist the Ukraine in developing its shale gas reserves. (photo: Kyiv Post)
Nat Parry, Consortium News
Parry writes: "Behind the geopolitics pitting Russia against the West - and the ethnic tensions tearing Ukraine east and west - another backdrop for understanding this deepening conflict is the big-money competition for Ukraine's oil and natural gas."
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On Nov. 5, 2013 (just a few weeks before the Maidan demonstrations began in Kiev), Chevron signed a 50-year agreement with the Ukrainian government to develop oil and gas in western Ukraine. According to the New York Times, “The government said that Chevron would spend $350 million on the exploratory phase of the project and that the total investment could reach $10 billion.”
 
In announcing the deal, President Viktor Yanukovych said that it “will let Ukraine satisfy its gas needs completely and, under the optimistic scenario, export energy resources by 2020.” Reuters characterized the deal as ”another step in a drive for more energy independence from Russia.”

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