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Venezuela gives Russia control of two new gas deposits, one near T&T

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Venezuelan President Nicholas Maduro has given Russia full control of two new gas deposits, including one near to Trinidad and Tobago.

According to the Panam Post, Venezuela has offered 100% of the project to Russia including all gas rights exploited.

The report noted that Putin approved the plans on Thursday “whereby the Russian government-controlled Rosneft company will enjoy the option to export all the gas extracted in both deposits.

“These are the Patao and Mejillones deposits, located to the north of the Paria Peninsula and which are part of the Mariscal Sucre Project, in northeastern Venezuela, close to Trinidad and Tobago.”

The article stated, “Rosneft already participates as a minority partner in several joint oil production projects in Venezuela, such as Petrovictoria, Petromonagas, and Petromiranda, in the Orinoco oil belt, as well as Boquerón and Petroperijá, in the state of Zulia.

“In March of this year, Nicolás Maduro decided to move the Petroleos de Venezuela office from Lisbon to Moscow to strengthen the strategic partnership between the two countries.”

See full story here: https://panampost.com/…/venezuela-maduro-gives-russia-cont…/

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