TNK-BP could invest up to $2 billion into developing its gas business in Ukraine over the next 25 years, the company reported in a news release.
TNk-BP executives noted that they want to study the possibility of producing gas from non-traditional sources such as gas methane and shale.
"We intend to use cutting-edge technologies which have shown positive experience in international markets, especially in the United States where gas produced from non-traditional sources grew last year to over half of the country's production", TNK representatives said.
At the present time it is not known how economically effective Ukraine's non-traditional resources are. Further geological surveys are required to determine potential profit.
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