Project Venezuela Liquefied Natural Gas Terminal

From Global Energy Monitor

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Project Venezuela Liquefied Natural Gas Terminal, also known as the Cristobal Colon project or the PVLNG project, was a proposed LNG terminal in Venezuela. It is presumed to be cancelled, with no updates reported since 2000.[1]

Location

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Project Details

  • Parent: Petroleos de Venezuela SA (PDVSA), Royal Dutch/Shell, ExxonMobil Corp., and Mitsubishi Corp.
  • Location: northeastern Venezuela
  • Coordinates: 10.302279, -63.331569
  • Capacity: 4 mtpa
  • Status: Cancelled
  • Type: Export
  • Start Year: NA

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

In April of 2000, Venezuela's LNG export project was announced in a scaled-down version. Petroleos de Venezuela SA (PDVSA), Royal Dutch/Shell, ExxonMobil Corp., and Mitsubishi Corp. signed a memorandum of understanding to develop a $2 billion LNG project in northeastern Venezuela. The project will be known as Project Venezuela Liquefied Natural Gas (PVLNG) and will have a production capacity of about 4 million tonnes/ year.The venture is a downsized version of the so-called Cristobal Colon project, which involved the same four partners (but just Exxon Corp. prior to its acquisition of Mobil Corp.). That project called for an investment of more than $5 billion.[1]

It is presumed to be cancelled, with no updates reported since 2000.

Articles and resources

References

  1. 1.0 1.1 "VENEZUELAN LNG EXPORT PROJECT BACK ON TRACK" Oil & Gas Journal, accessed April 2019

Related GEM.wiki articles

External resources

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