Caracas,
Friday
April 9,2010
CARACAS – Venezuela has given the go-ahead for U.S. energy giant Chevron to extract natural gas in a block off the Orinoco Delta, the local press reported Thursday.
The resolution, published in the Official Gazette, also gives Chevron the right to sell the non-associated gas extracted from Block 2 of the Deltana Platform, which is owned by Chevron and state energy firm PDVSA and holds almost 7 trillion feet of proven natural gas reserves, according to official figures.
Other companies that are joining PDVSA in developing the Deltana Platform, a gas project in eastern Venezuela that is one of the country’s most promising, include Norway’s StatoilHydro and France’s Total.
According to the Official Gazette, the gas found in Block 2 will supply domestic gasification projects and the first liquefied gas train in eastern Venezuela.
PDVSA produces some 6.3 billion cubic feet of natural gas per day, according to official figures.
Venezuela currently has the world’s eighth-largest proven reserves of natural gas – an estimated 200 trillion cubic feet – but President Hugo Chavez says that figure will double in a couple of years, catapulting the country to fourth place worldwide. EFE
Source: http://www.laht.com/article.asp?ArticleId=354974&CategoryId=10717
Friday
April 9,2010
CARACAS – Venezuela has given the go-ahead for U.S. energy giant Chevron to extract natural gas in a block off the Orinoco Delta, the local press reported Thursday.
The resolution, published in the Official Gazette, also gives Chevron the right to sell the non-associated gas extracted from Block 2 of the Deltana Platform, which is owned by Chevron and state energy firm PDVSA and holds almost 7 trillion feet of proven natural gas reserves, according to official figures.
Other companies that are joining PDVSA in developing the Deltana Platform, a gas project in eastern Venezuela that is one of the country’s most promising, include Norway’s StatoilHydro and France’s Total.
According to the Official Gazette, the gas found in Block 2 will supply domestic gasification projects and the first liquefied gas train in eastern Venezuela.
PDVSA produces some 6.3 billion cubic feet of natural gas per day, according to official figures.
Venezuela currently has the world’s eighth-largest proven reserves of natural gas – an estimated 200 trillion cubic feet – but President Hugo Chavez says that figure will double in a couple of years, catapulting the country to fourth place worldwide. EFE
Source: http://www.laht.com/article.asp?ArticleId=354974&CategoryId=10717
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