Ukrainian government officials reached a deal with Chevron Tuesday to allow the company to extract shale gas reserves from the country’s Olesska field, Reuters reports.
The move comes at a time when mounting tensions between Ukraine and Russia, the major supplier of natural gas to Eastern Europe, have pushed Ukraine to pursue greater energy independence.
It follows a similar deal reached with Royal Dutch Shell in January to begin shale exploration in the country.
Ukrainian President Viktor Yanukovich hailed the partnerships as a boon. “The agreements with Shell and Chevron … will enable us to have full sufficiency in gas by 2020 and, under an optimistic scenario, even enable us to export energy,” he commented.