-- Venezuela LNG project moves forward
Partners in the Venezuelan Paria North LNG plant project are moving ahead with the project by signing a preliminary development agreement. Previously, partners Mitsubishi Corp., Royal Dutch/Shell Group, and ExxonMobil Corp. signed a memorandum of understanding for the project (OGJ, Apr. 3, 2000, p. 32). The new agreement provides for a feasibility study and determination of resources required. Once it is complete, the companies plan to sign a joint venture agreement.