Enron Close To Deal For Venezuelan LNG Plant
June 16, 2000
Venezuelan state oil company Petroleos de Venezuela (PDVSA) is reportedly preparing to sign an agreement with Enron to build the country's first liquefied natural gas (LNG) export plant. Located in the eastern oil port of Jose, the facility will have an annual capacity of 2.1 million tons of LNG and should start operation in 2004, PDVSA said in a statement. It will be the first LNG plant to be built in gas-rich Venezuela which -- despite having the largest gas reserves in the western hemisphere -- has fallen behind Trinidad and Tobago, Algeria and Nigeria in tapping a sharp rise in gas demand for power generation in the region.
Related News
No Shortage of Good Ideas to Address the Mariner Shortage
Gulf Intercoastal Waterway Closed After Barge Strikes Bridge in Galveston
Silversea Takes Delivery of New Cruise Ship Silver Ray
Methanol-Fueled Tugboat Launched
Collapsed Baltimore Bridge Blasted into Pieces