Gazprom to Help Venezuela Develop 50-Year Gas Plan, PDVSA Says

Petroleos de Venezuela SA, Venezuela’s state-controlled oil and gas company, said Russia’s OAO Gazprom, the world’s largest gas producer, will help Venezuela work out a plan to develop its gas industry over the next half century.

The two companies will devise “a development plan of the gas sector for the next 50 years, a strategy which includes the development of the internal market as well as the process of regional interconnection,” Petroleos said on its Web site.
A team of 100 Venezuelan and Russian technicians should complete the study project within a year, according to statement. The team is expected to log more than 300,000 man hours. The agreement was signed by Petroleos and Gazprom, Russia’s state- controlled gas monopoly.

Bloomberg