PDVSA And Ecopetrol Plan Shared Gas Pipeline Project
January 31, 2006
By Anonymous
Venezuela and Colombia have agreed to build a 125-mile gas pipeline. The pact for the new pipeline was recently finalized between the two countries’ national oil companies, Petroleos de Venezuela (PDVSA) and Colombia Empresa Colombiana de Petroleo (Ecopetro). Plans call for the $300 million pipeline to extend from Colombian offshore gas wells to facilities in Maracaibo. A second phase of the project may later be undertaken to extend the line to Venezuelan gas wells. This would occur after Colombian deposits are depleted, most likely in about seven years. The second phase could bring Venezuelan gas to Colombia and Central America.
Copyright Oildom Publishing Company of Texas, Inc. Jan 2006