Ukraine has large resource potential and can become European Texas, U.S. Energy Secretary has said. Perry made the remarks during a meeting with representatives of the American Chamber of Commerce in Ukraine and the U.S.-Ukraine Business Council.
“Ukraine is unique in the sense of where it finds itself in the world at this particular point in time. Not only can they be a major supplier from the standpoint of bringing LNG in through Poland in particular, and then supplying Europe from there. But the potential for exploration and production in Ukraine – this is quite a statement from me, but Ukraine would be the Texas of Europe. The formations that are here — the potential for the development of those is, I think it’s staggering. I remind people that a decade ago, they told us that we had found all the fuel — the fossil fuels — in the world. They called it peak oil, remember? The guy traveled the country giving a speech about peak oil. And those resources were always there. But innovation and technology allowed us to be able to access them. And today the United States is the number-one oil and gas producing country in the world. And that’s a stunning turnaround,” said Perry, who was Texas Governor from 2000 to 2015.
The U.S. Energy Secretary added that many U.S. companies are interested in cooperation with Ukraine.
ENERGY SECRETARY, EUROPE, PERRY, TEXAS
