Venezuela to send gas to Trinidad, agrees to MOU talks

For the first time, Venezuela has agreed to allow some of its natural gas to be processed in Trinidad and Tobago as both countries jointly move to develop their cross-border reserves with the signing of a memorandum of understanding planned for Aug. 12. Venezuela's President Hugo Chávez made the announcement in Trinidad's capital, Port of Spain Aug. 9-10 when he visited the Caribbean Island, telling a news conference that his country was willing to have some of its gas processed by its neighbor until Venezuela could build its own LNG plant.Chávez said Venezuela was still committed to the construction of the $2.7 billion, 4.7 million tonne Mariscal Sucre LNG plant in the ...

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