The governments of Venezuela and Argentina have signed an accord to set up a joint natural gas liquefaction and transportation enterprise in Guiria, a city in Venezuela's eastern state of Sucre, Venezuela's state oil enterprise PDVSA said Friday.
The accord was signed by the heads of PDVSA and Argentina's state-run energy firm Enarsa during the First South American Energy Council, which concluded Thursday.
The enterprise aims to develop, build and operate a train with a freight volume of 4.7 million tons a year.
The enterprise will also be in charge of the construction and operation of a gas pipe from Block-2 of Deltana Platform to Guiria, to feed the train.
PDVSA said the joint venture will also be responsible for the purchase, transportation and processing of natural gas, as well as for commercializing it in the international market.
The Venezuelan government, through PDVSA, will have 60 percent share in the enterprise, while Enarsa will have 10 percent. The rest will be assigned to third parties by PDVSA.
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