Monday, June 5, 2023

Maduro invites Europe to invest in natural gas

Nicolas Maduro, the President of the Republic, this Wednesday invited European energy businessmen to invest in the process of natural gas exploration and exploitation as an alternative to guaranteeing the supply of hydrocarbons to the countries of the old continent. The contingency increased after the Russia–Ukraine conflict.
“I repeat the call to the investors of the world, all the gas that Europe needs, we have in Venezuela,” the head of state said in a message via Twitter.
Maduro affirmed that Venezuela is “a blessed homeland”, as it has “one of the largest gas reserves in the world.”

Recently, the president stressed that Venezuela “has certified the eighth gas reserve in the world” and, moreover, “maybe the third or fourth today.”
Earlier this month, the Venezuelan government signed a permit to export liquefied natural gas from Cardon IV, a joint venture between Spain’s Repsol and Italy’s Eni.

The license was signed by the People’s Power Minister of Petroleum and PDVSA President Pedro Telecchia in the presence of executives from the European energy giants.
Similarly, in March this year, Venezuela announced plans to exploit Campo Dragon, a natural gas field located in the state of Sucre, along the northwest coast of Trinidad and Tobago. Signed an agreement with the Trinidad and Tobago government. Port of Spain is jointly owned by the government and Shell Oil Company.

According to the investigation, the Dragon field has hydrocarbon reserves of about 4.2 trillion cubic feet.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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