MOSCOW (Sputnik) — Rosneft and Venezuelan PDVSA have signed an agreement on the basic terms of a joint venture for the extraction, preparation and monetization of gas fields of Patao, Mejillones and potentially of Rio Caribe.
"We will certainly implement the extraction [of gas] offshore in Venezuela and will definitely put an LNG liquefaction plant there," Sechin said in an interview with Rossiya-24 television.
Venezuelan Petroleum and Mining Minister Eulogio Del Pino said that PDVSA and Rosneft might sign documents on the establishment of a joint gas project in Venezuela within two months, possibly in July, during a Venezuelan visit of Igor Sechin on May 22-24.
