Venezuela to begin building NGL, ethane plant this quarter
Platts
Caracas
Petroleumworld.com 02 10 06
Venezuela's state oil company PDVSA plans to start construction
on a
$660-mil cryogenics plant in the west of the country this quarter,
President
Hugo Chavez said Wednesday.
"We will be starting earth movements this quarter to build
the Western
Cryogenics Complex," Chavez said during a televised speech
in the city of
Maracaibo. "It will be operational by 2008," he added.
The cryogenics complex will include a fractionation train producing
35,000 b/d of natural gas liquids and two gas trains converting
950,000
Mcf/day of rich gas into ethane for use at the El Tablazo petrochemicals
complex and residual gas for domestic and industrial use, according
to PDVSA's
latest plans released on the project.
The project had previously been estimated to cost $470-mil but
Chavez
said Wednesday $660-mil had been set aside for its construction.
Once the complex is operational, at Ule, on the northeastern shore
of
Maracaibo Lake, PDVSA plans to decommission five NGL extraction
plants in the
area.
Although western Venezuela currently suffers from a severe natural
gas
shortage, PDVSA expects to have completed an east-west pipeline
connection by next year and also hopes to be tapping offshore
reserves in the Rafael
Urdaneta project by 2008.
Platts
02/09/06
Copyright
© 2006 Platts. All rights reserved
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