Ukraine in May hosts a summit to explore the potential for shale oil and natural gas in Europe. Ukraine and its Eastern European neighbors may host some of the more promising shale basins in the region. Now Spain and Germany are looking to explore their potential. With the European Union outlining recommendations for shale exploration, the region looks ripe for a breakthrough. Ukrainian company Nadra Ukrayny, along with co-sponsor International Gas Union, hosts a summit May 20-22 to discuss maximizing the benefits of shale exploration in the European community. Organizers say the event will have a pan-European focus, with strategy sessions focused on the shale potential from Eastern Europe to Great Britain. Weeks before Ukrainian President Viktor Yanukovych sparked major unrest with his November decision to back away from the EU, his government signed a $10 billion shale natural gas deal with U.S. supermajor Chevron. Under the terms of […]