Gas the cornerstone of Venezuela's energy sector investment campaign

Natural gas forms the cornerstone of Venezuela's current efforts to attract foreign investment to its energy sector.That is a dramatic turnabout from the situation of just a few years ago, when the government and state petroleum company Petroleos de Venezuela SA pushed for foreign investment to help the country quickly ramp up its oil production.A change of government and of management at PDVSA has resulted in a decided shift in emphasis away from the oil initiatives (OGJ, Apr. 17, 2000, p. 25). Click here to enlarge imageVenezuelan President Hugo Chávez Frias and his Energy and Mines Minister Al! Rodr!guez Araque have vowed to establish a strong natural gas industry in a coun...

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