Tag: Petroleos de Venezuela
Venezuela to develop LNG project
Venezuela has signed an agreement with an Anglo-Dutch company and another firm from Japan to start developing a USD 2.7 billion liquefied natural gas (LNG) project which aims to make the oil-rich nation a net gas exporter by 2007.
New state gas company in Venezuela
Venezuela will create a new state gas company this year to spearhead development of the country's huge natural gas reserves on an equal footing with the strategic oil industry.