International Edition


April 26, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

Chevron showing interest in Ukraine gas network: report

MOSCOW--U.S. energy giant Chevron is interested in taking a stake in Ukraine's natural gas pipeline network, which the country is opening to Western investors, Russian media reported Monday.

Last week Ukraine approved a law allowing EU and U.S. investors to buy up to 49 percent of Naftogaz, which operates the gas pipeline network for both domestic consumption and transit of Russian gas to Europe.

Russian news agency ITAR-TASS cited three sources saying that three companies have expressed interest in the deal, with two confirming that Chevron was among them.

Chevron declined to comment on what it called media speculation regarding its business activities, ITAR-TASS cited it as saying.

The U.S. company entered Ukraine last year when it signed a shale gas production sharing agreement.

Control of the country's pipeline network is a sensitive issue, and Ukraine has previously rebuffed attempts by Russian gas giant Gazprom to buy a stake in Naftogaz.

Russia has turned off gas supplies to Ukraine during disputes over debt and prices in the past, causing shortages in Europe as well.

Europe gets about 30 percent of its gas from Russia, with half of that transiting through Ukraine.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search