Ukraine postpones gas deal with Exxon Mobil again

January 28, 2014

The signing of a gas production-sharing agreement between Ukraine and an international consortium led by U.S. major Exxon Mobil has been postponed for the second time in a row, Ukraine's fuel and energy minister said on January 27, Reuters has reported.

"We will sign it (the agreement) in February," Eduard Stavytsky told reporters in brief remarks after an official briefing. He did not give a reason for the fresh delay.

The government orginally intended to sign the deal, which is expected to bring Ukraine several billion cubic metres (bcm) of gas per year, in November but Stavytsky postponed the decision until January due to mass anti-government protests in Kiev.

Copyright: Reuters, 2014