OREANDA-NEWS. October 30, 2012. During the meeting, Eni's CEO shared with the Prime Minister the developments of the company's ongoing activities in Ukraine, affirming Eni's positive vision of the exploration potential that the country presents in the unconventional gas

San Donato Milanese (Milan), 26 October 2012 - Ukraine’s Prime Minister Mykola Azarov and Eni CEO Paolo Scaroni met today in Kiev to discuss Eni's activities in the country.

During the meeting, which was cordial and constructive, Eni's CEO shared with the Prime Minister the developments of the company's ongoing activities in Ukraine, affirming Eni's positive vision of the exploration potential that the country presents in the unconventional gas. Additionally, Paolo Scaroni shared with the Prime Minister the outlook of the progressive strengthening of Eni’s presence in Ukarine, where Eni has laid the groundwork for consolidation of its future activities.

Eni, which has been present in Ukraine since 2011, signed an agreement in June with the state company Ukrainian National Joint Stock Company Nak Nadra Ukrayny and with Cadogan Petroleum Plc for the acquisition of 50.01% and the operatorship of the Ukrainian company LLC WSTGASINVEST, which holds the rights over nine blocks for the exploration and development of unconventional gas (shale gas) in the Lviv basin, in the west of the country near the border with Poland. The Lviv basin is considered to be one of the areas with the highest potential in Europe for the exploration of unconventional gas.

Eni holds interests in two exploration and development licenses in the country, Zagoryanska and Pokroskoe, located in the Dnieper-Doneyz basin.