PDVSA Gas to Handle Gran Gasoducto Engineering

Venezuela's state natural gas firm PDVSA Gas will handle the engineering requirements for the Gran Gasoducto del Sur regional pipeline project, company president Felix Rodriguez told BNamericas.

"Gasoducto del Sur is going very well from an engineering standpoint," he said.

Brazil, the other main partner in the venture, will provide markets for the Venezuelan gas.

The two countries agreed to the arrangement during a meeting last week between President Hugo Chavez of Venezuela and his Brazilian counterpart Luiz Inacio Lula Da Silva, said Rodriguez.

"We are now developing [the project] from the conceptual phase," Rodriguez said.

PDVSA Gas, a subsidiary of state oil firm PDVSA, produces roughly 90% of the country's average production of 7Bf3/d (198Mm3/d). Chavez aims to modify the 1999 constitution in order to nationalize the country's natural gas industry.

Chavez reiterated on Sunday afternoon that the gas pipeline is a "geopolitical necessity" for regional energy integration.

Venezuela estimates the Gran Gasoducto project would cover 8,000-15,000km, starting in Venezuela, crossing Brazil and ending in Argentina.

Visit BNamericas to access our real-time news reports, 10-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Expertise: Heavy Machinery Operator|Rig Mover|Truck / HGV Driver
Location: Midland, TX
Pressure Equipment Integrity Engineer
Expertise: Chemical Engineering|Mechanical Engineering|Process Engineer
Location: Norco, LA
Field Technician
Expertise: Electrical Engineering
Location: South Tucson, AZ
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours