May
27, 2004
ChevTex sees great opportunity
for US LNG market
(BNamericas.com) - "Venezuela's natural
gas resources and its proximity to the US mean
that the country 'has a great opportunity to deliver
liquefied natural gas, LNG to help solve the expected
supply gap in the US market,' according to Ali
Moshiri, Latin America upstream VP of US oil company
ChevronTexaco .
'North America is not only the largest gas consumer
but also the market with the highest projected
LNG consumption growth. Long-term demand for natural
gas in the US is expected to continue to grow
faster than internal supplies,' a ChevronTexaco
statement quoted Moshiri as saying.
ChevronTexaco owns the concessions to develop
blocks 2 and 3 of Venezuela's Deltana platform.
Gas from Deltana will be piped to a proposed liquefaction
terminal on the eastern Paria peninsula designed
to produce 4.7 million tonnes a year of LNG for
export to the eastern US by 2008-2010. ChevronTexaco
itself could be one of the buyers, through the
Port Pelican regasification project planned for
the US Gulf Coast".
