PetroCaribe Evaluates Creation of JV Company to Distribute Gas

Instant Max AI

(Energy Analytics Institute, Piero Stewart, 27.May.2016) — PetroCaribe member countries evaluated the creation of a joint-venture company that would distribute Venezuelan gas to them, reported Venezuela’s news agency AVN, citing PDVSA President Eulogio Del Pino.

“The proposal – after looking at the quantity of reserves that we have in the Caribbean – is that we will establish a network, just like and how President Chávez visualized the Great South American Gas Pipeline,” said Del Pino.

It is possible that PetroCaribe members will need to increase their participation in the project, added Del Pino, without providing financial or operational details.

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