Saturday 17 May 2014

Shale gas and politics: Are Western energy giants’ interests behind Ukraine violence?


Economic 'Political' interests, such as untapped shale gas resources, already sliced and diced by Western energy giants, are behind the Kiev government’s ‘anti-terrorist’ operation against the pro-federalist regions. Eastern Ukraine is not only of people who don’t want to be under the Kiev coup-installed government’s control, but there are also natural energy resources in the region, such as coal and more specifically, shale natural gas, untapped deposits of which lie underground in the Dnieper-Donets basin.  

The cities Kiev is now striving to force into submission by making them war zones are situated in the area of shale gas deposits, US energy giant Chevron signed a similar deal for $10 billion last year, but it is focusing on developing shale gas reserves in the West of Ukraine

And it’s not just energy giants that have a stake in Ukraine’s reserves.
The recent appointment of the US Vice President’s son, Hunter Biden, to the board of directors of Ukraine’s largest private gas producer, Burisma Holdings, has put the Ukrainian shale gas development deal into a new perspective. Biden jr. is not the only American with political ties to  the company's board. Devon Archer, a former senior advisor to current Secretary of State John Kerry's 2004 presidential campaign and a college roommate of Kerry's stepson, signed up with Burisma in April. 

 
Read more about this here.
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