Scandoil  

Frontera Resources and Naftogaz sign MoU for upstream and LNG cooperation


Published Jul 16, 2015
Frontera Resources Corporation

Frontera Resources Corporation has signed a strategic Memorandum of Understanding with Ukraine's national energy company, National Joint Stock Company Naftogaz of Ukraine.

The MOU serves to establish a focused joint effort to work together in upstream exploration and production projects in Ukraine, as well as to study the possibility to bring liquefied natural gas to Ukraine from Frontera's ongoing work in Georgia where it has identified combined prospective natural gas resources of as much as 12.9 trillion cubic feet (365 billion cubic meters) of gas-in-place, with as much as 9.4 trillion cubic feet (266 billion cubic meters) of recoverable prospective natural gas resources at the Mtsare Khevi Gas Complex and Taribani Field Complex. These natural gas resources were recently announced by Frontera earlier this year and confirmed in reports by the U.S.-based independent consulting firm of Netherland, Sewell & Associates.

The MOU was executed by Andriy Kobolyev, Chairman and Chief Executive Officer of Naftogaz of Ukraine, and Steve C. Nicandros, Chairman and Chief Executive Officer of Frontera. The signing took place in Washington, D.C. during the first U.S.-Ukraine Business Forum, hosted by the U.S. Chamber of Commerce in collaboration with the U.S. Department of Commerce.

Tags: Frontera Resources Corporation, Naftogaz




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml