It has been reported by the Venezuela daily Internet connection that work is progressing on a processing plant that will eventually take Venezuela into the lucrative export market for liquefied natural gas (LNG). At long last, say PDVSA's critics, wondering why Venezuela has ignored its natural gas potential for so long. There shouldn't be any quick expectations, as we are thinking it will be 2010 before the plant is ready to go.
In the meantime, PDVSA will also get to manage and maintain the largest thermal electricity power generation complex in Latin America.
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