Venezuelan state oil company Petróleos de Venezuela (PDVSA) plans to export up to two billion cubic feet of gas to neighboring countries in the next 10 years through gas pipelines, according to PDVSA Gas Vice President, César Triana on Wednesday. .
He indicated that in less than five years the company expected to export 500 million cubic feet, mainly to Trinidad and Tobago through exploitation in the fields located in the Paria Peninsula, in the so-called Mariscal Sucre Project.
During his participation in the First International Seminar of the Forum of Gas Exporting Countries that takes place in Santa Cruz de la Sierra, Bolivia, he said that the construction of a gas pipeline to Aruba and another to Curaçao to export short gas is also under negotiations.
Triana said that the state is advancing a reserve certification plan with which Venezuela will climb from eighth to fifth place among the countries with the largest deposits of this energy source.
At present, Venezuela has 202 trillion cubic feet of gas and with the certification process it is foreseen to raise the reserves to 460 trillion cubic feet.
He specified that currently the state produces 8.2 billion cubic feet of gas, according to production figures from last year, but has among its plans “increasing production to 10.2 billion cubic feet.”
“Of those 8.2 billion cubic feet, the domestic market consumes only 2.5 billion, the rest of the production is used for reinjection of the deposits and the manufacturing oil sector,” Triana said.
At present, the state company is carrying out two ambitious gas exploitation projects: the Mariscal Sucre Project, in the Sucre state, in the east of the country and the Rafael Urdaneta Project, on the western coasts.
PDVSA expects to export gas to nations such as El Salvador, Panama, Haiti, the Dominican Republic, Colombia, Aruba, Curacao and Trinidad and Tobago.