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Venezuela and Trinidad & Tobago ahead with Gas connection between the two countries

PDVSA

Douglas Sosa, Deputy minister for Gas of Venezuela. The project is been executed by Shell, NGC and PDVSA.

By
Elio Ohep

CARACAS
Petroleumworld 11 09 17

The Venezuelan Deputy Minister for Gas, Douglas Sosa participated on Thursday in the panel of speakers at the conference event "Business Opportunities between Venezuela and Trinidad and Tobago, on the Natural Gas sector", an activity organized by the Venezuelan Gas Processors Association (AVPG). The importance of Venezuela's potential to develop its natural gas resources and the monetization of it by Trinidad and Tobago was highlighted in the conference.

Sosa said that currently the most important gas project that is being carried out today between both nations is the development of Dragon Field, a project been develop by MinPetróleo, PDVSA, Shell and The National Gas Company of Trinidad and Tobago NGC, with the support of the governments of both countries to seek the development of Venezuela's natural gas resources with a view to its monetization in Trinidad and Tobago.

Vince Quan-Vie, Commercial Vice President of NGC, emphasized that "the governments of both countries are working very closely for some time on this project and have great confidence in the early completion of it. The proximity of our West Coast with Venezuela is a very positive point for us to work together. "

For his part, the president of PDVSA Gas, Cesar Triana, explained at the conference that Venezuela and Trinidad have the opportunity to incorporate in this project companies in the sector that in the future will serve to finalize gas exports via Trinidad and Tobago.

"These projects have a high probability rate to be implemented with the help of companies such as Shell, NGC, which will result in the generation of new jobs and high value for the development for the countries," said Triana.

For his part Luis Prado, President of Royal Dutch Shell Venezuela, explained that the project includes the construction of a 17-kilometer pipeline from the shallow-water Dragon gas field in Venezuela to the Hibiscus platform on the north coast of Trinidad, according to the agreements signed between the governments of both countries.

The Dragon field is one of the four fields that make up the Venezuelan Mariscal Sucre Project (MSP) that has proven reserves of 14.7 TCF in the north of the Paria Peninsula, and which aims to produce long-term, 1.2 trillion cubic feet. (bcf) of gas and up to 28 thousand barrels of oil per day. Other fields in the North of Paria are Patao, Mejillones and Río Caribe fields.

The conference was sponsored by the Venezuelan Gas Processors Association (AVPG) and was held on Thursday, November 9, at the Melia Caracas Hotel.

The AVPG is a private, non-profit organization, formed by companies of the gas sector in Venezuela.

Since its inception, the AVPG has maintained institutional links with the international "Gas Processors Association" (GPA), based in Tulsa, Oklahoma, has is "Venezuelan Chapter".


Story by Elio Ohep, Editor of Petroleumworld

petroleumworld.com
/ 10 11 2017

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