Venezuela Signs Natural Gas Export Deal With BP and Trinidad
Storage tanks at a LNG importation terminal.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Venezuela agreed on a 20-year natural gas production and exploration deal with BP Plc and Trinidad, a hotly anticipated move to transform the South American nation into a major exporter of the fuel.
The accord with BP and Trinidad’s National Gas Co. will allow for production from the Cocuina gas field off the Venezuelan coast, the country’s Oil Minister Pedro Tellechea said Wednesday in a statement.