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. The preliminary development accord for the Mariscal Sucre project in NE Venezuela was initialled by state-run Petroleos de Venezuela (PDVSA), Royal Dutch/Shell and Japan’s Mitsubishi Corp. It foresees the start of economic and technical feasibility studies for the project, designed to produce 4.7 million tonnes of LNG a year, most of which is expected to go to US customers.

Previous articleManaging the environment
Next articleOman fertiliser
Stainless Steel World is part of The KCI Media Group, a group of companies focused on building and sustaining global communities in the flow control industries. We publish news on a daily basis and connect business-to-business professionals through our online communities, publications, conferences and exhibitions.