Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, January 8, 2015

Shale player pulls plug on Ukraine

Shale player pulls plug on Ukraine
London (UPI) Jan 7, 2015 - The economic climate in Ukraine is no longer conducive to continue investing in shale natural gas opportunities, producer JKX Oil & Gas said Wednesday. "The board of JKX has decided that the combination of Ukrainian Government-imposed restrictions on selling its gas to industrial clients and the punitive rate of gas production tax requires the company to suspend its planned 2015 capital ... morehttp://www.oilgasdaily.com/reports/Shale_player_pulls_plug_on_Ukraine_999.html

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